European Central Bank hikes interest rate by larger-than-expected, first increase in 11 years

The ECB's surprise hike of half a percentage point for the 19 countries using the euro currency is expected to be followed by another increase in September.

European Central Bank hikes interest rate by larger-than-expected,
The ECB made the bigger-than-expected increase to underline its determination to get inflation under control. Pic: Reuters

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x