Julian Benson
on September 11th, 2023 Ahead of the all-important ECB decision, European shares entered positive territory this morning, as markets prepare for a crucial week. The Bank is expected to leave rates unchanged at 4.25% on Thursday.
Despite rumours that another rate hike is needed to tame high inflation in the euro area, markets expect the ECB will leave the Bank rate unchanged on Wednesday at 4.25%. The rate has steadily increased since April 2022 but currently remains at a 15-year high.
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