On Thursday, the European Central Bank (ECB) raised interest rates in the eurozone for the first time in 11 years, as high and rising inflation becomes central bankers’ primary concern. (This is a developing story and is being constantly updated.) The 50 basis points rate hike is higher than analysts had expected, and marks a departure from the zero-interest rate environment the EU has been in since 2016....Read More: European Central Bank Raises Rates for the First Time in 11 Years
