The European Central Bank (ECB) and the Bank of England (BOE) are also expected to slow down the rate of increase in interest rates at their meetings today.

After yesterday’s Fed rate decision, global markets focused on the decision from the European Central Bank and the Bank of England today. Both banks are expected to slow the rate of increase in interest rates.

In addition to the interest rates, it will be followed how the ECB will shrink its bond and stock within the scope of quantitative tightening. Lagarde is expected to lay out the basic principles in this regard. Some members had signaled that instead of bond sales, the maturing bonds could not be rolled over gradually, and the balance sheet could be reduced.

According to the Bloomberg survey, the bank, which has increased interest rates by 75 basis points in a row, is expected to increase the deposit rate by 50 basis points to 2 percent this time. ECB members will also announce their economic projections. Inflation in Europe slowed for the first time in 1.5 years last month but remained in double digits.

The ECB’s interest rate decision will be announced at 16:15 Turkish time.

Similarly, the rate of increase in interest rates is expected to slow down at the Central Bank of England meeting to be held today. The expectation is that 50 basis points will increase the policy rate to 3.5 percent.

Yesterday, the Fed’s interest rate decision was announced, which was eagerly awaited by the global markets. The bank increased interest rates by 50 basis points this time after rising 75 basis points 4 times.