{"id":89452,"date":"2023-09-14T16:47:08","date_gmt":"2023-09-14T12:47:08","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=89452"},"modified":"2023-09-14T16:47:10","modified_gmt":"2023-09-14T12:47:10","slug":"ecb-raises-interest-rates-by-25-basis-points","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ecb-raises-interest-rates-by-25-basis-points\/09\/14\/market-updates\/","title":{"rendered":"ECB raises interest rates by 25 basis points"},"content":{"rendered":"\n<p>The European Central Bank raised interest rates by about 25 basis points, continuing the monetary tightening policy that has been in place for more than a year.<\/p>\n\n\n\n<p>According to the monetary policy decision issued today, September 14, the bank raised the deposit interest rate (base interest rate) by 25 basis points to 4%.<\/p>\n\n\n\n<p>It also raised the interest rate on basic refinancing operations and marginal lending facilities by 25 basis points to 4.5% and 4.75%, respectively.<\/p>\n\n\n\n<p>The European Central Bank indicated that it sees the average inflation rate in the euro area at 5.6% in 2023, 3.2% in 2024, and 2.1% in 2025.<\/p>\n\n\n\n<p>These levels constitute an upgrade for the years 2023 and 2024, and downward adjustments for the year 2025.<\/p>\n\n\n\n<p>The bank also lowered its estimates for economic growth, amid expectations of growth of about 0.7% in 2023, 1% in 2024, and 1.5% in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank raised interest rates by about 25 basis points, continuing the monetary tightening policy that has been in place for more than a year. According to the monetary policy decision issued today, September 14, the bank raised the deposit interest rate (base interest rate) by 25 basis points to 4%. It also &hellip;<\/p>\n","protected":false},"author":9,"featured_media":80870,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,8143],"class_list":["post-89452","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=89452"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89452\/revisions"}],"predecessor-version":[{"id":89453,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89452\/revisions\/89453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/80870"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=89452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=89452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=89452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}