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European Central Bank raises interest rates for the seventh time

The European Central Bank has raised interest rate by a quarter of a percentage point, to 3.25%, as part of its efforts to lower inflation in the Eurozone.

The European Central Bank has raised interest rates to 3.25%, as part of its ongoing efforts to lower inflation in the 20 countries that use the Euro. It is the seventh successive increase. We find out what this means for businesses in the Eurozone.

We hear from the CEO of Maersk as their profit figures are released and it shows that the global economy is slowing due to less freight moving around the world.

The bosses of the biggest tech companies in the world will meet with US Vice President Kamala Harris at the White House to discuss the future of AI. How will AI be regulated by the government? Our presenter Sam Fenwick will bringing us the latest on all the stories.

(Picture: European Central Bank President Christine Lagarde (R) and Vice-President Luis de Guindos. Credit: EPA-EFE)

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27 minutes

Last on

Thu 4 May 2023 14:32GMT

Broadcast

  • Thu 4 May 2023 14:32GMT