ECB Raises Benchmark Refinancing Rate To 4.00%
Portfolio Pulse from Benzinga Newsdesk
The European Central Bank (ECB) has raised its benchmark refinancing rate to 4.00%, according to Reuters. This may impact the Vanguard FTSE Europe ETF (VGK).

June 15, 2023 | 12:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The ECB's decision to raise its benchmark refinancing rate to 4.00% may affect the Vanguard FTSE Europe ETF (VGK) in the short term.
The ECB's decision to raise its benchmark refinancing rate to 4.00% may lead to higher borrowing costs for European companies, potentially affecting their profitability and stock prices. As VGK tracks the performance of European stocks, it may be negatively impacted in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80