European Central Bank (ECB) raised interest rates by 25 basis points, APA-Economics reports.

The interest rate on the deposit interest rate was raised to 3,75 percent, the main interest rate to 4,25 percent, and the refinancing rate to 4,50 percent with this increase.

It was stated that the main goal was the inflation to be brought back to the medium-term target of 2%.

Source: Azeri-Press News Agency