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Writer's pictureWWHISPER
Jun 30, 20232 min read

ECB WANTS BANKS TO GIVE HIGHER INTEREST RATES TO DEPOSITORS

On 15 June 2023, the base rate was raised by 25 percentage points to 3.5% for the 8th time in just over a year. In July, the base rate will be raised again by 25 percentage points, to 3.75%. This trend will continue sharply in the coming year to counter core inflation.

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