European shares hit two-month low on ECB rate hike
European shares dropped to a two-month low after the European Central Bank raised interest rates by 25 basis points. Policymakers warned of higher inflation driven by energy shocks.
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European shares fell 0.7% to 635.97 points on Thursday afternoon, reaching a two-month low following a 25 basis point rate hike by the European Central Bank. The regional sell-off reflects growing investor anxiety over persistent inflation driven by energy shocks.
