The European Central Bank Moved Against Inflation Yesterday

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The european central bank finally moved against inflation yesterday. It raised interest rates for the first time in more than a decade. Officials lifted their key deposit rate by 50 basis points, instead of 25. The f t martin arnold explains why the e c b took the more aggressive route.

Italian Prime Minister Mario Draghi resigns, the European Central Bank raises interest rates for the first time in more than a decade, Russia and Ukraine reach a deal to end a month-long grain blockade, and the FT’s Katie Martin explains why markets might rally when they see signs of a recession in corporate earnings reports.

Subscribe to the FT News Briefing on Apple Podcasts or Spotify

Mentioned in this podcast:

Italy president calls snap elections after Draghi quits as PM

Deal on table for release of millions of tonnes of grain from Ukraine ports

ECB raises rates for first time in more than a decade

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.