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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: ECB hikes rates, ups inflation forecasts; FTSE closes at 7628; gilts hit new 15-year high

The European Central Bank took centre stage today as policymakers hike dinterest rates by 0.25% for an eighth meeting in a row.

Their meeting comes after the Federal Reserve paused interest rate hikes but signalled the need for further rises later in the year.

In today’s corporate developments, ASOS shares surged after the fast fashion chain posted a trading update. Legal & General also announced the appointment of a new chief executive.

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