Summary by Ground NewsECB raises interest rates for the first time in 11 years by a larger-than-expected amount. The move raises new questions about whether the rush to make credit more expensive will plunge major economies into recession. Rising interest rates follow the end of the bank's 1.7 trillion euro stimulus program.
3 months ago·Frankfurt, Germany
Inflation woes push Europe’s central bank to 1st interest rate hike in 11 years - National
The European Central Bank hiked interest rates by half a percentage point, 25 basis points more than expected, as it signals inflation needs to be stifled.
3 months ago·Toronto, CanadaRead Full Article
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