European Central Bank President Lagarde Says We Are Not Thinking About Pausing; Very Likely To Increase Rates In July
Portfolio Pulse from Benzinga Newsdesk
European Central Bank (ECB) President Christine Lagarde stated that the bank is not considering pausing and is very likely to increase rates in July, according to Bloomberg.

June 15, 2023 | 1:07 pm
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The ECB's likely rate increase in July may impact the Vanguard FTSE Europe ETF (VGK) as it tracks European stocks.
The ECB's decision to increase rates in July may have mixed effects on European stocks, which VGK tracks. Higher interest rates can lead to higher borrowing costs for companies, potentially impacting their profitability. However, the rate increase may also signal confidence in the European economy's recovery, which could be positive for stocks. Overall, the impact on VGK is uncertain in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75