ECB breaks norm with rate hike

ecb-frankfurt

The European Central Bank (ECB) is the first G-4 central bank to begin its exit from its accommodative monetary policy stance after its governing council on Thursday unanimously agreed to raise its benchmark interest rate by 25 basis points to 1.25%.

The decision to hike rates was widely expected by markets and ends a run of almost two years of its main refinancing rate, which was 1%.

At a conference in Frankfurt, Jean-Claude Trichet, the president of the ECB, dismissed reporters' fears the rate

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: