Market Extra: ECB slows rate hikes, but signals it’s far from done

by | Dec 15, 2022 | Stock Market

The European Central Bank delivered a half-point rate increase Thursday, slowing the speed of its monetary tightening after a pair of larger rate moves. But policy makers emphasized that market participants should prepare for a series of rate hikes to come. “We need to take this fight and continue the battle against inflation, so we will continue that at a steady pace,” ECB President Christine Lagarde told reporters at a news conference following the decision. “So…

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