The European Central Bank (ECB) raises its key rates by 0.25%. A more moderate increase compared to previous ones.
Inflation is still too high and this could go on for a long time. European stock markets ended lower on Thursday, May 4, as the unsurprising conclusions of the ECB meeting did not allow investors to reverse the gloomy trend since the beginning of the week. London lost 1.10%, Paris 0.85% and Milan 0.61%, all three now close to their lowest level in a month.