Dusseldorf Investors are holding back before the forthcoming interest rate decision by the European Central Bank. The leading German index was down 0.9 percent at 16,171 points on Thursday afternoon. On Wednesday, the Dax had reached a record high, the new record is 16,336 points.
The markets are dominated by the central banks this Thursday. The most important date for investors was the ECB interest rate decision in the afternoon.
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.
The ECB also announced that the future decisions of the Governing Council will ensure that key interest rates are brought to a sufficiently restrictive level. This should allow for a timely return of inflation to the medium-term two percent target.
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