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ECB raises key rate to 2.25%

European Central Bank President Christine Lagarde holds a press conference in Frankfurt on June 11, 2026, after the ECB raised its benchmark deposit rate from 2 percent to 2.25 percent at a Governing Council meeting, the first rate hike in two years and nine months.

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ECB raises key rate to 2.25%

European Central Bank President Christine Lagarde holds a press conference in Frankfurt on June 11, 2026, after the ECB raised its benchmark deposit rate from 2 percent to 2.25 percent at a Governing Council meeting, the first rate hike in two years and nine months.

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Christine Lagarde Press Conference - Frankfurt

European Central Bank (ECB) President Christine Lagarde (R) speaks during a press conference at the ECB headquarters in Frankfurt, Germany, April 17, 2025. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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Christine Lagarde Press Conference - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks during a press conference at the ECB headquarters in Frankfurt, Germany, April 17, 2025. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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Christine Lagarde Press Conference - Frankfurt

European Central Bank (ECB) President Christine Lagarde (C) speaks during a press conference at the ECB headquarters in Frankfurt, Germany, April 17, 2025. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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Christine Lagarde Press Conference - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks during a press conference at the ECB headquarters in Frankfurt, Germany, April 17, 2025. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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Christine Lagarde Press Conference - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks during a press conference at the ECB headquarters in Frankfurt, Germany, April 17, 2025. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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Christine Lagarde Press Conference - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks during a press conference at the ECB headquarters in Frankfurt, Germany, April 17, 2025. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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Christine Lagarde Press Conference - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks during a press conference at the ECB headquarters in Frankfurt, Germany, April 17, 2025. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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Christine Lagarde Press Conference - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks during a press conference at the ECB headquarters in Frankfurt, Germany, April 17, 2025. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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Christine Lagarde Press Conference - Frankfurt

This photo taken on April 17, 2025 shows the European Central Bank (ECB) headquarters in Frankfurt, Germany. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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Christine Lagarde Press Conference - Frankfurt

This photo taken on April 17, 2025 shows flags of the European Union in front of the European Central Bank (ECB) headquarters in Frankfurt, Germany. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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Christine Lagarde Press Conference - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks during a press conference at the ECB headquarters in Frankfurt, Germany, April 17, 2025. The ECB on Thursday decided to cut key interest rates by 25 basis points, bringing the deposit facility rate down to 2.25 percent. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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ECB President Lagarde

European Central Bank President Christine Lagarde holds a press conference in Frankfurt on April 17, 2025, following the ECB policy-setting committee's decision to lower its key interest rate by 0.25 point to 2.25 percent.

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Chile's economy to grow 1.75 to 2.25 pct in 2022, central bank estimates

STORY: Chile's economy to grow 1.75 to 2.25 pct in 2022, central bank estimates DATELINE: Sept. 8, 2022 LENGTH: 00:01:31 LOCATION: Santiago CATEGORY: ECONOMY SHOTLIST: 1. various of street views 2. various of currency 3. SOUNDBITE 1 (Spanish): LISARDO GOMEZ, Director of Engineering School at International Business Department at University of Valparaiso in Chile 4. various of street views 5. SOUNDBITE 2 (Spanish): LISARDO GOMEZ, Director of Engineering School at International Business Department at University of Valparaiso in Chile STORYLINE: Chile's economy will grow between 1.75 percent and 2.25 percent in 2022, and it will expand below its potential for several more quarters, given global inflationary pressure, the Central Bank of Chile projected Wednesday. According to September's Monetary Policy Report, the bank also revised upwards the annual inflation forecast for 2022, from 10 percent in June to 12 percent this month. It stated that "accumulated price volatility shocks and the recent depreciation

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Economists say U.S. interest rate hikes to cloud outlook for emerging markets

STORY: Economists say U.S. interest rate hikes to cloud outlook for emerging markets DATELINE: July 28, 2022 LENGTH: 0:02:02 LOCATION: Washington, D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Federal Reserve 2. SOUNDBITE (Spanish): MARIO CORREA, Mexican economist 3. SOUNDBITE (English): KIRIDA BHAOPICHITR, Research director for int'l economics and development policy, Thailand Development Research Institute STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, the second in a row of that magnitude, as elevated inflation showed no clear sign of easing. The Federal Open Market Committee, the Fed's policy-making body, decided to raise the target range for the federal funds rate to 2.25 to 2.5 percent and "anticipates that ongoing increases in the target range will be appropriate." However, many economists around the world have voiced the concern that the U.S. interest rate hikes will cloud the outlook for emerging markets and will put countries wit

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Coal production rises in India amid power shortage

STORY: Coal production rises in India amid power shortage DATELINE: May 11, 2022 LENGTH: 0:01:40 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1 various of views in New Delhi 2 various of coal mining area 3 various of thermal power plants 4 various of high voltage transmission STORYLINE: The Indian government said on Tuesday that the country's coal production increased 29 percent year-on-year to 66.58 Million Ton (MT) in April amid a power shortage due to lesser stocks of coal available at thermal power plants. An official statement said coal-based power generation had registered a growth of 9.26 percent in April as compared to the same month last year, and a growth of 2.25 percent as compared to March this year. The overall power generation in April had been 11.75 percent higher than the power generated in April last year, and 2.23 percent higher than power generated in March 2022, it added. Coal-based power generation in April had been 102,529 Million Unit (MU), up 2.25 percent from March. The total