The ECB, They Raised Rates by 50 Basis Points

The ECB raised rates by 50 basis points, which was expected. They removed for guidance or the trajectory or the path forward for rate hikes. What mattered also was providing on us liquidity as what's known as a discount window and being there to support any banks that might have funding issues. The Europeans are the most political central bank in the world; they're very good at saying everything everybody wants to hear.