Dusseldorf The markets are reacting to the interest rate hike by the European Central Bank (ECB) this Thursday. After the interest rate decision, the German leading index Dax briefly slipped to a daily low of 16,166 points, but then recovered again and was down 0.6 percent at 16,206 points. On Wednesday, the Dax had reached a record high, the new record is 16,336 points.
The central bank is continuing its rate hike course and, as expected by experts, is raising interest rates by 0.25 percentage points. The deposit rate, which is a benchmark on the financial markets and which banks receive for parking excess funds, will thus rise from 3.25 to 3.50 percent.
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