Euro Zone Marginal Lending Facility Rate 4.50% Vs. 4.25% Prior
Portfolio Pulse from Benzinga Newsdesk
The Euro Zone Marginal Lending Facility Rate has increased to 4.50% from the previous rate of 4.25%.
July 27, 2023 | 12:25 pm
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NEGATIVE IMPACT
The increase in the Euro Zone Marginal Lending Facility Rate may impact VGK, an ETF that tracks European stocks.
The increase in the Euro Zone Marginal Lending Facility Rate means borrowing costs for banks in the Euro Zone have increased. This could potentially lead to less lending, which could slow economic growth and negatively impact the performance of European stocks, and therefore VGK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80