European markets are heading for a negative open Thursday as investors look ahead to the European Central Bank's latest monetary policy decision.
European markets are heading for a negative open Thursday as investors digested the latest rate hike by the U.S. Federal Reserve and look ahead to the European Central Bank's next monetary policy decision.
The ECB is widely expected to raise interest rates yet again as the central bank tries to tame inflation in the euro zone. Most market watchers expect a 25 basis point hike, although a larger hike has not been ruled out,The ECB's rate decision will be published at 13:15 p.m. London time and ECB President Christine Lagarde will deliver a statement shortly afterward.
European Central Bank President Christine Lagarde speaks during a news conference following the ECB's monetary policy meeting in Frankfurt, Germany March 16, 2023.Global markets are also reacting to the U.S. Federal Reserve's latest rate hike on Wednesday when the central bank raised rates by 25 basis points, as widely expected, bringing the federal funds rate range to 5%-5.25% — its highest level since August 2007.
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