Eurozone Interest Rate Decision For September 4.50% Vs. 4.25% Est.; 4.25% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone has decided to increase its interest rate to 4.50% from the previous 4.25%, which is higher than the estimated 4.25%.
September 14, 2023 | 12:19 pm
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The increase in the Eurozone interest rate may impact the Vanguard FTSE Europe ETF (VGK) as it could affect the European economy and, consequently, European stocks.
The increase in the Eurozone interest rate could lead to a slowdown in economic growth as borrowing becomes more expensive. This could negatively impact European stocks, including those in the VGK ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80