European Central Bank hikes key rate ...News

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European Central Bank hikes key rate
source : Russia Today ( News ) () 21
The Eurozone regulator decided to go with a larger-than-expected 50 basis-point increase The European Central Bank (ECB) has hiked interest rates for the first time in 11 years on Thursday, going for the 50 basis-point increase instead of the previously anticipated 25 basis-point hike, the regulator announced in a press-release on its website. “Today, in line with the Governing Council’s strong commitment to its price stability mandate, the Governing Council took further key steps to make sure inflation returns to its 2% target over the medium term. The Governing Council decided to raise the three key ECB interest

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