On June 11, the European Central Bank raised its policy rate by 25 basis points, marking its first hike since 2023. The ECB cited the Iran War as the primary reason for the increase, becoming the first major central bank to raise rates in response to new inflation concerns. Meanwhile, Chinese ADRs including BABA, PDD, and JD faced increased pressure and regulatory scrutiny.
The ECB delivered its first rate hike since 2023, raising rates by 25 basis points as officials warn that energy price volatility remains a persistent threat.
Read the full storyThe European Central Bank raised policy rates by 25 basis points to 2.25% at its June meeting, marking its first hike since the outbreak of regional conflict.
The ECB delivered its first rate hike since 2023, citing inflationary pressures and economic instability caused by the ongoing Iran War as the primary catalyst.
The European Central Bank is set to announce its interest rate decision this Thursday, potentially signaling a new monetary policy direction for the Eurozone.
Investors pivot to Thursday's ECB meeting amid expectations for the first rate hike in a year, as easing Middle East tensions stabilize sovereign bond markets.