Published 2 years ago

European Central Bank announces emergency meeting to discuss market rout

Summary by Ground News

The European Central Bank's rate-setting Governing Council will hold an unscheduled meeting on Wednesday. Bond yields have risen sharply since the ECB promised a series of rate hikes last Thursday. The euro surged around a half a percent to 1.0475 against the dollar early on Wednesday after the ECB's announcement. The meeting comes on the same day that the U.S. Federal Reserve is expected to hike interest rates, possibly by as much as 75 basis points.

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The Guardian

ECB meets to discuss bond rout as markets anticipate Fed rate rise – business live

Investors wait to see how aggressive US Federal Reserve will be in raising rates; Italian bond yields tumble, euro rises as ECB set to discuss bond turmoil

2 years ago·London, United Kingdom

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The Independent

European Central Bank holds emergency meeting today as markets plunge

The European Central Bank (ECB) is to hold an unscheduled meeting on Wednesday amid growing fears that turmoil in bond markets is causing big increases in the cost of government borrowing.

2 years ago·London, United Kingdom

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Reuters

ECB meets to tackle rout in bond market amid echoes of debt crisis

European Central Bank's policymakers were holding a rare, unscheduled meeting on Wednesday to discuss a blowout in borrowing costs for some euro zone nations, fanning speculation the bank may be gearing to act to calm markets.

2 years ago·United Kingdom

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Associated Press News

European Central Bank to gather after borrowing costs rise

The European Central Bank’s rate-setting council will hold an unscheduled meeting Wednesday “to discuss market conditions,” with borrowing costs for several countries having risen after the bank said it would raise interest rates .

2 years ago·United States

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abc News

European Central Bank to gather after borrowing costs rise

The European Central Bank’s rate-setting council will hold an unscheduled meeting “to discuss market conditions” as borrowing costs for several countries have risen after the bank said it would raise interest rates

2 years ago·United States

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CNN

European Central Bank tries to ease fears of a debt crisis after bond 'panic'

The European Central Bank has tried to calm fears of a debt crisis by promising "flexibility" in managing its huge balance sheet and accelerating work on new ways to reduce stress on heavily indebted countries like Italy and Greece as interest rates rise.

2 years ago·Atlanta, United States

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