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【CNBC】European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’

【CNBC】European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’

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  • The European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75%.
  • It did not share any forward guidance about its next moves, but did raise the possibility of a potential pause in rate hikes in September.
  • “Inflation continues to decline but is still expected to remain too high for too long,” the ECB said in a statement.

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