Quantcast
logo

Markets welcome US central bank's decision to increase interest rates

  • US central bank’s decision to increase interest rates for the first time since 2006 has led to a surge in European shares. As per reports, in the morning trade, the main share indexes in Germany, UK and France increased between 1 percent and 3 percent. The US Federal Reserve increased the range for its benchmark interest rate to between 0.25% and 0.5%. The previous range was 0%-0.25%.