Klarnachrichten

Bank raises money cost

62

A big bank makes money more costly. The new rate is 2,5 percent. This is very high. The bank meets in Berlin.

Prices grow fast now. The rate is 3,3 percent. The bank wants 2 percent. A war in Iran makes oil very costly.

Costly money stops high prices. Loans get more costly. People save more money. Experts wait for more changes in December.

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Definitions

Inflation
Inflation means that money loses value. You can buy less food.
Leitzins
Leitzins is the main cost for money at a bank.

Locations

Berlin
Berlin is the capital of Germany.
Iran
Iran is a land far away.

Sources

Logo Bild
Bild

Zum zweiten Mal in diesem Jahr: EZB erhöht Leitzins

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Logo SRF
SRF

Zweites Mal in diesem Jahr - EZB erhöht Leitzins auf 2.5 Prozent

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Logo VOL
VOL

EZB plant erneute Leitzinsanhebung im September

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Logo Kurier
Kurier

EZB hebt Leitzins auf höchsten Stand seit eineinhalb Jahren

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