European equities were higher last week. The UK’s FTSE 100 put in a particularly good performance – up more than 3%. Asia was mixed, and the US, flat to lower.
The European Central Bank (ECB) raised interest rates again last week. This hike of 0.25% lifted rates to 4.5%, the highest since 1999. There was an indication that an end to the cycle could be in sight though; the ECB said “interest rates have reached levels that, maintained for a sufficiently long duration, will make a substantial contribution to the timely return of inflation to the target”. European equities rallied strongly following the statement.
Full report:
https://realmim.com/central-bank-decisions-this-week-from-fed-boe-boj/
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