ECB Lifts Rates by Half a Point

[tsptalk]

ECB Lifts Rates by Half a Point in First Hike Since 2011

The European Central Bank announced a larger-than-expected rate increase and unveiled a plan to buy the debt of Europe’s most vulnerable economies, taking bold action to protect the currency union.

https://www.wsj.com/

 

[TommyIV]

The ECB bringing borrowing cost back to 0% after today's 0.50% increase lifted the Euro over the dollar after slightly closing the gap between the U.S. and Europe's central bank policies. This jump in the Euro led the I-fund to likely outperform the TSP funds today (or at least nearly par with the C-fund).

However, as said in this investing.com article:

The euro's rally is likely to be short-lived given mounting recession risks for the economic bloc, said Michael Brown, head of market intelligence at Caxton in London.