ECB raises key rates by 25 bps

FRANKFURT, June 16: The European Central Bank (ECB) on Thursday announced a new interest rate increase of 25 basis points (bps), continuing its rate-hiking spree aimed at curbing inflation.

The interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility will now be 4 percent, 4.25 percent, and 3.5 percent, respectively.