The European Central Bank raised its key interest rate by half a percentage point to the highest level since 2009
The central banks of the U.K., eurozone and Switzerland increased interest rates by 0.5 percentage point,in slowing the pace of increases as inflation edges lower across advanced economies.
The European Central Bank said in a statement it would raise its key rate to 2% from 1.5%, the highest level since 2009. It said it “expects to raise [rates] significantly further, because inflation remains far too high and is projected to stay above the target for too long.” The bank also said it would reduce its multitrillion-dollar bondholdings starting in March, by €15 billion, equivalent to $16 trillion, a month on average at first.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Forex Today: No time to relax, ECB and BOE rate decisions on tapHere is what you need to know on Thursday, December 15: Following the highly volatile action witnessed during the American trading hours on Wednesday,
Leer más »
EUR/GBP flat-lines around 0.8600 mark ahead of BoE, ECB rate decisionsThe EUR/GBP cross extends its sideways consolidative price move on Thursday and remains confined in a narrow trading band around the 0.8600 mark throu
Leer más »
Forex Today: ECB, BoE, SNB All Expected to Hike by 0.50%Today's Forex news: 3 European Central Banks Expected to Raise Rates Today; Fed Hikes Rates by 0.50%; Fed Sees Rates Above 5% in 2023, Powell: Fed Has “Ways to Go”;
Leer más »
EUR/GBP surpasses 0.8600 ahead of BOE/ECB policy, UK Inflation eyedThe EUR/GBP pair is hovering around the critical resistance of 0.8600 in the early Tokyo session. The cross rebounded firmly on Tuesday after testing
Leer más »
STOCK MARKET NEWS: Futures fall, ECB to raise rates, Musk sells Tesla sharesStocks fall on rate concerns, traders will study retail sales and jobless numbers. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Leer más »
GBP/JPY eyes downside to near 167.00 as further BOE rate hike to bolster recessionThe GBP/JPY pair is struggling to hold itself above the cushion of 167.50 in the early Asian session. The cross witnessed a sharp sell-off on Tuesday
Leer más »