Euro Steadies Against Yen After ECB Raises Deposit Rate to 2.50%

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Summary · why it matters

The euro steadied against the yen on Thursday after the European Central Bank raised its deposit rate by a quarter point to 2.50%. EUR/JPY rose above the 179.00 mark following the decision, which marked the ECB's second hike since the US-Iran war broke out. The move lifted the deposit rate to 2.50%, extending the central bank's tightening cycle.

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ECBRATES
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ECB raised its deposit rate by a quarter point to 2.50%, extending its tightening cycle.

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