Euro, Bond Yields Fall After ECB Raises Rates

1 hour 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…

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