Stocks in South East Europe turned in a mixed performance on Thursday as the European Central Bank confirmed its intention to hike interest rates at its July policy meeting, downgraded its growth forecasts and upwardly revised its inflation projections significantly.
“Beyond September, based on its current assessment, the Governing Council anticipates that a gradual but sustained path of further increases in interest rates will be appropriate,” the ECB said in a statement. “In line with the Governing Council’s commitment to its 2% medium-term target, the pace at which the Governing Council adjusts its monetary policy will depend on the incoming data and how it assesses inflation to develop in the medium term.”
Traders also await the release of Friday’s U.S. consumer inflation report that could determine future Federal Reserve interest rate moves.
1. ATHENS – ATHEX -0.80%
2. BELGRADE – BELEX15 -0.03%
3. BUCHAREST – BET 0.20%
4. ISTANBUL – BIST 100 1.23%
5. LJUBJLANA – SBITOP 0.86%
6. NICOSIA – CSE GI -0.08%
7. PODGORICA – MNSE 10 1.03%
8. SARAJEVO – SASX10 1.06%
9. SKOPJE – MBI 10 -0.56%
10. SOFIA – SOFIX -0.25%
11. ZAGREB – CROBEX 0.19%
