Market Quiet On Hint of Further Ecb Rate Rises ; Iseq Briefing: Closed at 9,919.82 Down 7.77

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Summary

DUBLIN closed virtually unchanged for the second session running yesterday, after the ECB hinted that further rate hikes are on the cards.

German Bundesbank chief, Axel Weber, said that the current cycle of interest rate hikes has not reached its end.

Extract

Market Quiet On Hint of Further Ecb Rate Rises ; Iseq Briefing: Closed at 9,919.82 Down 7.77

The ECB is expected to raise interest rates to 4pc at its June meeting, while many economists predict at least one more ra...