Two-year low on Wednesday for European stock markets – Greek 10-year bond yield exceeded 5%
Successive interest rate hikes were announced by Christine Lagarde in a speech in Frankfurt. “We’ll do what we have to to do, we will continue to raise interest rates in several of our next meetings,” said the head of the European Central Bank, adding that the main goal is not to cause a recession, but price stability.
The European Central Bank may need to raise interest rates by another 75 basis points at its October meeting and move again in December to a level that no longer stimulates the economy, policymakers said on Wednesday.
The ECB raised interest rates by a total of 125 basis points in its last two meetings.
At a two-year low European stock markets are moving. A fall of more than 2% was recorded in Frankfurt, at 2% in London, close to 2% in Paris, while the yield of the Greek ten-year bond exceeded 5%. At 4.9% the Italian ten-year bond.
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