European Central Bank raises rates by 50 basis points, pledges further hike in March

ECB raises key interest rate by 0.5 points to three percent

In the fight against inflation, the currency authorities are raising the key interest rate by 0.5 percentage points - and promising further increases.

European Central Bank continues to raise interest rates, inflation has not yet been curbed

The higher interest rate will affect various rates, such as mortgage rates and savings rates.

European Central Bank hikes rates, vows 'we are not done'

FRANKFURT, Germany (AP) — The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S.

European Central Bank hikes rates, vows 'we are not done'

FRANKFURT, Germany (AP) — The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S.

European Central Bank hikes rates, vows 'we are not done'

FRANKFURT, Germany (AP) — The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S.

European Central Bank hikes rates, vows 'we are not done'

The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S. Federal Reserve eases its pace of increases.The Frankfurt-based bank raised its key benchmarks by half a percentage point and said it intends to make a similar move in March. Policymakers are moving aggressively to choke off price spikes that ha…