In a widely expected move, the European central bank has left interest rates unchanged and signalled the imminent conclusion of its last remaining bond purchase scheme. Meanwhile, the Bank of England has chosen to maintain its key interest rate at a substantial 15-year high of 5.25%. Governor Andrew Bailey dismissed speculations of rate cuts, asserting it's premature to consider such measures.

ECB leaves rates unchanged, eyes conclusion of bond scheme

Policymakers at the European Central Bank (ECB) announced Thursday that they would go through with a planned 0.5% interest rate hike as the institution juggles both inflation and financial uncertainty amid turmoil that has gripped financial markets after the recent collapse of the Silicon Valley Bank (SVB) in the U.S.

ECB raises interest rates by 0.5% as banks stocks wobble

The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said.

European Central Bank set to raise interest rates by 50 basis points in both February and March

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