ECB slows down but hints at significant rate hikes to reduce its balance sheet
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On Thursday, December 15, one day after the Federal Reserve announced a 50 basis point interest rate hike, the European Central Bank (ECB) also announced a smaller hike, raising interest rates from 1.5 percent to 2 percent. ECB unveils new rate hike However, the bank said it would proceed with rate hikes “significant“in the future […]