The European Central Bank will continue to hike benchmark rates, albeit at a slower pace, with inflation expected to be close to a peak.
The remarks are timely, with the crypto industry reeling from one of its most catastrophic failures in recent history: the downfall of FTX.
The European Central Bank announced another 75-basis-point rate hike — its third consecutive increase this year — and new measures for European banks.
Rates aside, there are two questions in the minds of market players as they wait to hear from ECB President Christine Lagarde Thursday.
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