ECB Interest Rate Increase Becomes Effective

The European Central Bank's recent decision to raise its three key interest rates by 25 basis points has now officially come into effect. This adjustment increases the deposit facility rate to 2.25%, the main refinancing operations rate to 2.40%, and the marginal lending facility rate to 2.65%. The Governing Council reiterates its commitment to achieving its 2% inflation target amidst ongoing price pressures.