Business

Europe is running out of safe assets


Investors have a hard time: As the European Central Bank raises interest rates and the eurozone economy moves closer to recession, they may not have enough room to hide.

Over the past week, the market has started to reflect Interest rate increased by 0.75 percentage points which the ECB announced earlier in September. The short-term euro rate, or €STR, which tracks the price at which banks lend unsecured money overnight, closed Friday at 0.66%, compared with negative 0.083 percent before the rate hike.



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