Baku 24° C
ECB announces rate hike at next meeting
Finance
- 25 April, 2023
- 06:21
Add Report.az to preferred Google sources
Stay up to date with the top news!
Recent economic figures suggest the European Central Bank should increase interest rates again at its next decision on May 4, Chief Economist Philip Lane told French newspaper Le Monde, Report informs referring to Bloomberg.
“The current data are indicating that we should raise rates again” next week, Lane said in an interview published on April 25. “This is still not the right time to stop. Beyond that, I don’t have a crystal ball; it will depend on the economic data.”
The regulator last raised the base rate in March this year by 50 basis points, to 3.5%.
Author
Latest News
20:35
International coalition calls Armenia's hosting of COP17 a double standard
Foreign policy
20:20
Video
Video on Patriotic War shared on President Ilham Aliyev's social media accounts
Domestic policy
20:10
Ilham Aliyev congratulates National Paralympic Committee on 30th anniversary
Domestic policy
19:51
Celal Çiftçi publicly apologizes to Azerbaijan after being placed on wanted list
Foreign policy
19:37
Sweden to provide Ukraine with new $52.3 million aid package to support civilians during winter
Other countries
19:06
Azerbaijan readmits 52 people from European countries in September
Foreign policy
18:59
Photo
Azerbaijan, UAE discuss prospects for special forces cooperation
Military
18:41
CBA chairman links pace of economic diversification to 2027–2030 reforms
Finance
18:34
Taleh Kazimov: Rising oil and gas prices increase Azerbaijan's current account surplus
Finance