44 min ago
Euro, Bond Yields Fall After ECB Raises Rates
By
Chelsey Dulaney
, Reporter
European bond yields and the euro fell after the European Central Bank raised rates by a quarter percentage point but signaled it could be done tightening policy.
The rate increase, the ECB’s 10th in a row, brings the deposit rate to 4%, a new all-time high.
While the ECB didn’t rule out further rate increases, investors focused on language in the policy statement and some cuts to its forecasts for core inflation and growth.
