The euro zone economy has proven to be “more resilient” than expected in dealing with the energy crisis and the war in Ukraine, European Central Bank (ECB) President Christine Lagarde said on Thursday.
Despite “weak global activity and high geopolitical uncertainty,” the euro zone economy “is proving to be more resilient than expected and should recover in the coming quarters,” Lagarde told a news conference.
At today’s meeting, the ECB decided to raise its interest rates by 50 basis points and indicated that it intends to raise it another 50 basis points at the next monetary policy meeting in March.
With this decision, the interest rate of the main financing operations rises to 3%, the rate applicable to deposits remains at 2.50% and the rate of the permanent liquidity injection facility becomes 3 ,25%
Source: TSF
