1.15pm BST: European Central Bank interest rate decision((forecast: 75bps rate hike to 2%)
At lunchtime, the European Central Bank is widely expected to raise borrowing costs again to combat high inflation. The central bank is almost certain to raise its deposit rate by 75 basis points to 2%. It is also likely to start reducing its €8.8 trillion balance sheet following years of debt purchases and ultra cheap loans extended to banks.
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you see them adding to the string of .75 bp hikes in december?
>The ECB is expected to raise rates today in order to combat inflationary pressures. I believe this is a mistake, as it will only serve to further hurt the already struggling European economy.