Eurozone interest rates have climbed to the highest level for 22 years as the European Central Bank indicated it is preparing to take borrowing rates to a record high in the coming months.
The European Central Bank took its headline deposit rate to 3.75pc, matching the record high last seen in 2001, as President Christine Lagarde said she was willing to go further to get inflation down from its current level of 5.5pc.
Read More : European Central Bank Raises Interest Rates to Highest Level in 22 Years