![Both the Fed and the ECB increased interest rates!](/content/images/size/w720/2023/05/1.jpg)
Both the Fed and the ECB increased interest rates!
Both central banks in USA and Europe decided to furtherly remain in the same monetary policies that were followed the previous periods. Interest rates were raised by 25 base points in both regions resulting in 5.25% and 3.75% for USA and Eurozone respectively.
The European competent authorities decided