European central bank to end its stimulus programme as expected while outlining a series of rate hikes, starting in July
The JSE tracked weaker European markets on Thursday after the European Central Bank announced a long-awaited interest rate hike and drew the curtains on its stimulus programme.
The ECB’s Governing Council said it intends to raise key interest rates by 25 basis points at its next meeting, in July, and also downgraded its economic growth forecasts for the eurozone...
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now