The euro deflates and depreciates after the ECB rate hike

The euro deflates and depreciates after the ECB rate hike

The eurowhich has risen by almost 0.9% after the European Central Bank (ECB) announced a half-point rise in interest rates, the highest in twenty-two years, deflates and falls 0.19% to trade at $1.0163.

(European Central Bank raises interest rates for the first time in 11 years).

According to data from Bloomberg, the euro has appreciated almost 0.9%, to $1.0278, immediately after the ECB announced the increase in the price of money. An hour later, however, the common currency depreciates against the “greenback” and trades at $1.0163.

EFE

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