Move marks eighth successive rise, highlighting struggle to cool price rises amid juddering growth
Business live – latest updates
The European Central Bank has raised eurozone interest rates by a quarter-percentage point to the highest level since 2001 and signalled another hike was likely as it seeks to tame inflation.
It marks the eighth successive rate rise for the bank, underlining a struggle across many developed economies to cool price rises amid juddering economic growth.
More Stories
Revealed: Big tech’s new datacentres will take water from the world’s driest areas
Panama opposition party accuses US of ‘camouflaged invasion’
Child killer Rick Thorburn, who murdered Tiahleigh Palmer, found dead in Queensland jail cell