ECB Raises Rates to 22-Year High, Diverging from Fed.
TL;DR Summary
The European Central Bank has increased its key interest rate by 0.25%, while the Federal Reserve has paused its campaign to hike borrowing costs. ECB President Christine Lagarde has stated that she is not considering pausing the bank's interest rate hikes.
- ECB Raises Rates After Fed Takes a Break. Inflation Is Biting. Barron's
- ECB Governing Council Press Conference - 15 June 2023 European Central Bank
- European Central Bank diverges from Fed, raising rates to highest in 22 years CNBC
- ECB Hikes Deposit Rate by 25 Basis Points to 3.5% Bloomberg Television
- ECB raises rates to 22-year high and signals more to come Yahoo Finance
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