The ECB bank has raised key rates by 50 basis points, more than it had signaled. The hike could hurt its credibility as being predictable, but that’s a small price to pay in these unusual times, says Ashutosh Pandey.
The European Central Bank has said it intends to hike key interest rates by 25 basis points later this week. Could the bank surprise markets with a bigger hike? As the suspense grows, so are expectations of its fallout.
The European Central Bank has left the interest rate unchanged but indicated that it will change in July. It is also halting a program which ultimately amounts to printing electronic money.