First ECB interest rate rise in 11 years

The European Central Bank is raising interest rates for the first time in 11 years to try to control inflation and a looming energy crisis


Interest rates

Inflation

Jul 2011 Last rate rise

Jul 2022 Rate rise to 0.5%

Record price rises in year to June 2022	8.6%
Food, alcohol, tobacco 			8.9% 
Industrial goods 			4.3% 
Services 				3.4% 
Energy 					42.0%

1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0 -0.2 
10 8  6  4 2 0 -2
2012 2014 2016 2018 2020 2022  


Sources: Eurostat, Trading Economics 
Picture: Getty Images 
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