European Central Bank raises rates by 75 basis points to tackle soaring inflation

European Central Bank raises rates by 75 basis points to tackle soaring inflation

• Markets had largely priced in a 75 basis point hike.
• The move follows a move from -0.5% to zero at its July meeting.
• The central bank, which sets monetary policy for the 19 euro-using nations, had kept rates in negative territory since 2014 in a bid to spur spending and combat low inflation

https://www.cnbc.com/2022/09/08/european-central-bank-raises-rates-by-75-basis-points-.html