ECB RAISES INTEREST RATES BY 50 BASIS POINTS FOR THE FIRST TIME IN 11 YEARS – MOMO BUYS STOCKS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
European Central Bank
Please click here for a chart of Euro Area Central Bank Balance Sheet.
Note the following:
- European Central Bank (ECB) has raised interest rates by 50 basis points.
- Not long ago, ECB was talking about raising interest rates by 25 basis points. However, in recent days, ECB raised expectations of a 50 basis point increase.
- Most investors are familiar with money printing in the US, but many US based investors do not pay attention to the expansion of the Central Bank balance sheet in Europe.
July 21, 2022