Investment news

‘ECB puts its credibility on the line’ with record rate hike

ECB president Christine Lagarde is welcoming the audience during the ECB Governing Council Press Conference on 08 September 2022, Frankfurt, Germany. Photo: Claudio De Angelis/ECB

The European Central Bank announced its biggest ever interest rate hike on Thursday. Its three key interest rates will be raised by 75 basis points in an attempt to control rapidly rising inflation in the eurozone. “The ECB has put its credibility on the line today.”

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