The European Central Bank increased the annual base interest rate from 3.5% to 3.75%. area regulator.
According to the statement, as of May 10, 2023, the interest rate for main refinancing transactions will be increased to 3.75%, to 4% for the collateral loan limit and to 3.25% for the deposit limit.
It was noted that the ECB is ready to adjust all its instruments to ensure that annual inflation returns to 2%.
Previously, the strengthening of the euro along with the tightening of monetary policy by the leadership of the European Central Bank (ECB), lead the way The weakening of the US dollar’s position in the world foreign exchange market. After the meeting, the regulator is expected to increase the interest rate by 25 basis points.
The ECB leadership has been tightening monetary policy for a long time.