July 19, 2022
In its Thursday meeting, the European Central Bank is expected to raise interest rates by up to 50 basis points — its first hike in more than 11 years — in a bid to tame rising inflation. For months, the ECB has stubbornly resisted calls to boost rates as inflation soared to a record 8.6% in June amid fears of a looming EU-wide recession. The hike will end the ECB's eight-year experiment with negative interest rates, which make it less attractive to save money but help spur demand (and, in turn, inflation). We take a look at Eurozone interest rates compared to inflation over the past 20 years.
This article comes to you from the Signal newsletter team of GZERO Media, a subsidiary of Eurasia Group that offers balanced, nonpartisan reporting, and analysis of foreign affairs. Subscribe to Signal today.
From Your Site Articles
More For You
Miami Mayor-elect Eileen Higgins points as she thanks her staff and supporters on the night of the general election, on Tuesday, Nov. 4, 2025.
Carl Juste/Miami Herald/TNS/ABACAPRESS.COM
A Democrat won Miami’s mayoral race for the first time in nearly 30 years. The Republican defeat will ring some alarms for the party – and their support among Latino voters.
Most Popular
Walmart’s $350 billion commitment to American manufacturing means two-thirds of the products we buy come straight from our backyard to yours. From New Jersey hot sauce to grills made in Tennessee, Walmart is stocking the shelves with products rooted in local communities. The impact? Over 750,000 American jobs - putting more people to work and keeping communities strong. Learn more here.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.