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In a big day for central banks across Europe on Thursday, Switzerland shocked markets by leaving its interest rates unchanged, while Sweden and Norway met expectations with a quarter-point hike each. The Swiss National Bank held its key rate unchanged at 1.75%, against analyst expectations for a quarter-point increase, but said further tightening could not be ruled out. Sweden raised its key policy rate by a quarter of a percentage point to 4%, as expected, and said it might need to do more to bring inflation back to its 2% target.

LONDON (Reuters) - In a big day for central banks across Europe on Thursday, Switzerland shocked markets by leaving its interest rates unchanged, while

LONDON (Reuters) -The European Central Bank raised its key interest rate to a record peak on Thursday and signalled this will likely be its final move in a more-than year-long fight against stubbornly high inflation. That illustrated the dilemma the ECB faced, with prices still rising, but economic activity struggling. FOREX: The euro fell and was last down 0.5% at $1.0674, having hit its lowest level in over three months after the ECB decision.

LONDON (Reuters) - The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight sticky inflation. | 08:45am

The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight sticky inflation.