The new level of ECB interest rates is now the highest in the history of the Eurozone
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There will be control over all payments
This increase will reflect "some convergence between wages and higher inflation rates" seen from 2021, the European Central Bank points out
The Frankfurt institution had kept rates at historic lows, in negative territory since 2014
The ECB said its target would be symmetric
Decision based on May 20 report the European Commission
In March, the ECB ended the limit imposed since early 2015 on the exposure of Greek lenders to the country’s sovereign debt
Investors sold off bonds due to uncertainty
The ECB's decision to not cut rates exacerbated the uncertainty
The central banker said that the country had exceeded goals more than once