Published On: Fri, Jul 22nd, 2022
World | By

European Central Bank hikes benchmark interest rate for first time since 2011


The European Central Bank raised interest rates Thursday for the first time in 11 years, joining steps already taken by the U.S. Federal Reserve and other major central banks but raising new questions about whether the rush to make credit more expensive will plunge major economies into recession at the price of fighting inflation.

CBC | World News