ECB kicks off rate-hiking cycle with a 50-bp increase-Xinhua

ECB kicks off rate-hiking cycle with a 50-bp increase

Source: Xinhua

Editor: huaxia

2022-07-21 20:36:12

FRANKFURT, July 21 (Xinhua) -- The European Central Bank (ECB) on Thursday raised key interest rates by 50 basis points, the first increase since 2011, in an effort to normalize its monetary policies.