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ecb-hikes-rates,-sees-significant-increases-ahead-as-it-announces-plan-to-shrink-balance-sheet

ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet

By BizTech Weekly Dec 15, 2022

The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%. It also said that from the beginning of March 2023 it would begin to reduce its balance sheet by 15 billion euros ($16 billion) per month on average until the end of the second quarter of 2023. . . .

Read more at www.cnbc.com

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