Home Finance Watch Christine Lagarde speak after the ECB surprises markets with larger rate hike

Watch Christine Lagarde speak after the ECB surprises markets with larger rate hike

by Enochadmin

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European Central Financial institution President Christine Lagarde is giving a press convention after the financial institution’s newest financial coverage resolution.

The ECB, the central financial institution of the 19 nations that share the euro foreign money, pushed benchmark charges up by 50 foundation factors, bringing its deposit price to 0%.

The Frankfurt establishment had stored charges at historic lows, in unfavorable territory since 2014, because it handled the area’s sovereign debt disaster and the coronavirus pandemic.

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