European Central Bank hikes interest rates in race to tame runaway inflation

The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped growth considerations, even while the euro zone economy reels from the impact of Russia's war in Ukraine.

Aug 31, 2022 - 17:28
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European Central Bank hikes interest rates in race to tame runaway inflation
The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped growth considerations, even while the euro zone economy reels from the impact of Russia's war in Ukraine.