{"id":3884,"date":"2023-07-27T16:25:59","date_gmt":"2023-07-27T14:25:59","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=3884"},"modified":"2023-07-27T16:25:59","modified_gmt":"2023-07-27T14:25:59","slug":"ecb-hikes-to-23-year-high-says-inflation-to-remain-too-high-for-too-long","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=3884","title":{"rendered":"ECB hikes to 23-year high, says inflation to remain &#8216;too high for too long&#8217;"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">The European Central Bank on Thursday announced a new rate hike of a quarter percentage point \u2013 the ninth consecutive increase \u2013 bringing the main rate to 3.75%.<\/p>\n<p>The ECB has raised borrowing costs by a total of 425 basis points since last July.<\/p>\n<p>&#8220;Inflation continues to decline but is still expected to remain too high for too long,&#8221; the ECB said in a statement.<\/p>\n<p>At the same time, the bank did not say whether there would be another rate hike or whether July would mark the end of the ECB&#8217;s fastest-ever tightening spree.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank on Thursday announced a new rate hike of a quarter percentage point \u2013 the ninth consecutive increase \u2013 bringing the main rate to 3.75%. The ECB has raised borrowing costs by a total of 425 basis points since last July. &#8220;Inflation continues to decline but is still expected to remain too [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3884"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/3885"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}