central bankVerified

European Central Bank

European Union (euro area)

The central bank for the euro area, responsible for euro-zone monetary policy and the 2% inflation target. Raised its three key rates through 2022-2023, taking the deposit facility rate to 4.00% in September 2023 to combat record euro-area inflation.

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Fact: 1
Driver

Welfare footprint

Welfare impact

Affected welfare indicators

Influence reach

Affected facts

ECB raises key rates to record, deposit facility hits 4.00% (Sept 2023)Sep 2023

Affected drivers

Monetary Policy Tightening Stancemonetary policy

Influence over time

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