MercoPress. South Atlantic News Agency

“Euro area banking sector is resilient, with strong capital and liquidity positions”, ECB President Lagarde

Anticipating the Euro area banking sector is resilient, with strong capital and liquidity positions, and that inflation is projected to remain too high for too long, the European Central Bank announced on Thursday that the ECB Governing Council decided to increase the three key ECB interest rates by 50 basis points, in line with its determination to ensure the timely return of inflation to the 2% medium-term target. Read full article