ECB confirms unplanned meeting on market turmoil - Breaking The News

ECB confirms unplanned meeting on market turmoil

15 June

1 min read

EPA-EFE/RONALD WITTEK / POOL

The European Central Bank (ECB) announced Wednesday an unplanned Governing Council meeting to discuss current market conditions.

According to the ECB's spokesperson, the attendees will also analyze the sell-off in government bond markets, raising the prospect it could announce a new tool to confront growing borrowing costs in weaker eurozone economies. The meeting will take place on the same day as the United States Federal Reserve's announcement of its interest rate decision.

Last Thursday, ECB r evealed its gradual interest rate hikes, explaining its plan to raise interest rates by 25 basis points at its July meeting.

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