Frankfurt (Germany) (EFE).- The European Central Bank (ECB) decided this Thursday to raise its interest rates by half a percentage point, up to 3%, the fifth consecutive rise, after inflation in the euro area slowed down three months in a row.
After the meeting of the Governing Council, the ECB reported that it also increases the credit facility, which lends to banks overnight, by 50 basis points, up to 3.25%, and the deposit facility, to that remunerates excess reserves for one day, up to 2.50%.
