ECB President Lagarde said that interest rates in the eurozone will remain at "sufficiently restrictive levels for as long as necessary".
Latest news about interest rate
Germany's finance minister, the liberal Christian Lindner, said Thursday that the European Central Bank must bring inflation down quickly.
The US FED on Wednesday announced a pause in interest rate hikes and to keep them between 5.25 % and 5.50 %.
The European Central Bank (ECB) decided on Thursday to raise its interest rates for the tenth consecutive time.
The euro depreciated today below the $1.0750 level, the lowest since early June, as risk aversion boosted the greenback.
Jerome Powell said Friday that the regulator will continue to keep rates high until inflation is tamed, he opened the door to a pause
Turkey's central bank on Thursday raised interest rates to 25 %, the third consecutive increase since the arrival of Hafize Gaye Erkan.
Bank of England says that rising interest rates are putting British companies under pressure and will lead to an increase in insolvencies.
As the US Federal Reserve and the ECB, as well as other European central banks outside the euro, raise interest rates.
The Federal Open Market Committee (FOMC) of the US Federal Reserve (Fed) predicted further interest rate hikes at its last meeting.










