ECB raises rates by 75 basis points

Canada has made the same hike: <a href="https:&#x2F;&#x2F;www.bankofcanada.ca&#x2F;2022&#x2F;09&#x2F;fad-press-release-2022-09-07" rel="nofollow">https:&#x2F;&#x2F;www.bankofcanada.ca&#x2F;2022&#x2F;09&#x2F;fad-press-release-2022-0...</a><p>I bought a house in February, around the housing price peak, but glad I got in while I could lock in a 2.29% rate for next five years. Intend to have paid off by time renewal comes up. &amp; got lucky, since it meant divesting in January before market slumped

Yes, let&#x27;s combat cost-based inflation with unemployment. Stupid Central Bankers.

Weird times we live in when eurozone inflation is about 8% and we are still on rates below 1%.

Non-paywalled: <a href="https:&#x2F;&#x2F;www.cnbc.com&#x2F;2022&#x2F;09&#x2F;08&#x2F;european-central-bank-raises-rates-by-75-basis-points-.html" rel="nofollow">https:&#x2F;&#x2F;www.cnbc.com&#x2F;2022&#x2F;09&#x2F;08&#x2F;european-central-bank-raises...</a>

Unpaywalled version: <a href="https:&#x2F;&#x2F;12ft.io&#x2F;proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2Ff1263bcc-260f-4a63-8cce-f2bedf3ab040" rel="nofollow">https:&#x2F;&#x2F;12ft.io&#x2F;proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2...</a>