The European Central Bank raises interest rates by a quarter percentage point and predicts that inflation will remain 'too high for too long'

The European Central Bank announced a new quarter-point rate increase on Thursday, bringing its key rate to 3.75 percent.

The most recent action concludes a full year of consecutive rate increases in the euro zone, which the ECB began in July to combat high inflation.

"In...

IN TROUBLED TIMES, FINALLY SOME RELIEF FOR EUROPEAN BANKS

Highlights

• Regulations by Basel group now to be implemented in January 2023

• Fundamental Review of the Trading Book also be implemented in January 2023

• 120 billions freed by The European Central Bank

European Banking Authority has estima...