Ad
Debate among ECB's 27 governing council members over raising interest rates is sharpening (Photo: ECB)

European lawmakers call on central bank to hold rates steady

A large majority of MEPs urged the European Central Bank on Wednesday (16 February) to continue an ultra-loose monetary policy amid warnings that hiking interest rates would damage a post-Covid economic recovery.

The ECB has resisted calls to increase interest rates. But debate among ECB's 27 governing council members representing each EU central bank is sharpening.

And on Wednesday, 569 lawmakers voted in favour of a non-binding annual report to the ECB recommending continuing ...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Debate among ECB's 27 governing council members over raising interest rates is sharpening (Photo: ECB)

Tags

Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Ad

Related articles

Ad
Ad