MADRID, 15 Dic. (EUROPA PRESS) -
The Ibex 35 has closed the day with a fall of 1.70%, which has led it to lose the 8,300 integers and endanger the level of 8,200 integers, after the European Central Bank (ECB) has decided in their meeting today will raise interest rates by 50 basis points to 2.5%.
With this fourth consecutive rise in the price of money, which has reached its highest level since December 2008, the ECB has moderated the intensity of the normalization of its monetary policy, after the two increases of 75 basis points undertaken in the October and September meetings, after an initial rise of half a percentage point in July.
However, the central bank has already advanced that interest rates "will still have to be increased significantly at a sustained rate" until they reach sufficiently restrictive levels, to ensure that they return to the 2% target in a timely manner in the medium term. .
Federated Hermes analyst Silvia Dall'Angelo points out that the ECB's position today shows that it is "clearly concerned" about the possibility of high inflation consolidating through second-round effects, something that could confirm the recent evolution of wages.
Largade would feel that its credibility to contain inflation "is at stake" and, therefore, "is determined to err on the 'hawkish' side at the risk of exaggerating." However, in Dall'Angelo's opinion, "it is disconcerting that the ECB has become more aggressive at a time when the economy has already entered a recession according to its own forecasts."
The Bank of England has also decided today to raise the reference interest rate for its operations by 50 basis points, which will stand at 3.50%, its highest level since autumn 2008, in response to the escalation of inflation.
It should be noted that yesterday the United States Federal Reserve (Fed) decided yesterday to unanimously approve an increase in the country's interest rates of 50 basis points, until placing them in a target range of between 4.25% and 4.5 %. In addition, the US monetary authority once again predicted that it will be "appropriate" to undertake new interest rate hikes in upcoming meetings.
In this context, the Ibex 35 has closed at 8,218.8 integers, with BBVA as the 'red lantern' of the session, falling 3.63%. Behind were Acciona (-2.78%), Inditex (-2.66%), ArcelorMittal (-2.48%), Santander (-2.48%), Endesa (-2.33%) and Amadeus (-2.18%). In 'green' only IAG (0.52%) and PharmaMar (0.51%) have finished.
The rest of the European stock markets have also ended in negative, with decreases of 0.93% in London, 3.09% in Paris, 3.28% in Frankfurt and 3.45% in Milan. Wall Street also registered losses at the end of the session in Spain, with a fall of 2.39% in the Dow Jones, of 2.41% in the S
Likewise, a barrel of Brent quality oil, a reference for the Old Continent, stood at a price of 80.96 dollars, with a decrease of 2.09%, while Texas stood at 75.45 dollars, with a fall of 2.34%.
Finally, the price of the euro against the dollar stood at 1.0640 'greenbacks', while the Spanish risk premium stood at 103 basis points, with the interest required on the ten-year bond at 3.137%.
