Breaking: ECB hikes key rates by 50 basis points in March as expected

The European Central Bank (ECB) announced on Thursday that it raised its key rates by 50 basis points (bps) following the March policy meeting, as expected. 

With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 3.5%, 3.75% and 3%, respectively.

Follow our live coverage of the market reaction to the ECB's policy announcements.

Watch ECB President Christine Lagarde's press conference live. 

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