European Central Bank raises interest rates for first time in 11 years
Bank surprises markets with 0.5 percentage point rise as inflation reaches 8.6% in eurozone
www.theguardian.com
Official interest rates
The three official interest rates the ECB sets every six weeks as part of its monetary policy to steer the provision of liquidity to the banking sector.
www.ecb.europa.eu
The end of negative deposit rates on the Euro from 27 Jul 2022. But right when the Euro is at effective parity with the dollar and eurozone inflation rates are above 8%. It's plaster on a gunshot wound .