ECB raises rates by 75 basis points

Canada has made the same hike: https://www.bankofcanada.ca/2022/09/fad-press-release-2022-0...

I bought a house in February, around the housing price peak, but glad I got in while I could lock in a 2.29% rate for next five years. Intend to have paid off by time renewal comes up. & got lucky, since it meant divesting in January before market slumped

Yes, let's combat cost-based inflation with unemployment. Stupid Central Bankers.

Weird times we live in when eurozone inflation is about 8% and we are still on rates below 1%.

Actually, rate is 1.25% after this raise

Just to add, deposit rate is 0.75% while the refinancing rate is 1.25%.

Non-paywalled: https://www.cnbc.com/2022/09/08/european-central-bank-raises...

Or official source: https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.mp2209...

Unpaywalled version: https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2...