European Central Bank hikes rates to record level, hints at possible peak
Publishing timestamp: 2023-09-15 02:18:49
Summary
The European Central Bank announced its 10th consecutive hike in its main interest rate, prioritizing the fight against inflation over the weakening economy. The rate rises have brought the main deposit facility to a record 4%. The ECB also revised its inflation and economic growth projections. The euro fell sharply on the announcement, but European stocks rallied. The article discusses the mixed reactions and uncertainties surrounding the ECB's decision.
Sentiment: MIXED
Keywords: prices, christine lagarde, economy, stoxx 600, business news, breaking news: markets, markets, breaking news: europe, breaking news: economy, european central bank, eur/usd, central banking,
Source: https://www.cnbc.com/2023/09/14/european-central-bank-hikes-rates-to-record-level.html