European stocks end the day 1.61% higher after ECB rate hike
The pan-European Stoxx 600 index closed around 1.61% higher at 4.30 p.m. London time after the European Central Bank hiked interest rates to a record level.
The ECB raised rates by 25 basis points, bringing the central bank’s main deposit facility to 4%. It was at -0.5% in June 2022, before the bank started its rate increases.
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