That was followed by two  3/7  BIS - Central bankers' speeches  interest rate steps of 75 basis points each and another two of 50 basis points each. This meant that, within the space of not even eight months, key interest rates had been raised by 300 basis points.
More generally, making progress on banking union and capital markets union would further support the European Union’s growth prospects by increasing competition, reaping the benefits of economies of scale and boosting entrepreneurial risk-taking through an expansion in international risk sharing.