Euro nudges lower after ECB holds steady, stocks inch up
· economictimes.indiatimes.com
The European Central Bank maintained interest rates, indicating rising inflation risks tied to increasing energy prices. Following the decision, the euro declined against the dollar and the pound, reaching a low not seen in 18 months. Euro zone bond yields also dropped slightly, while European stocks experienced a modest rise. Central bank President Christine Lagarde announced her early departure, effective February 7.
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