https://www.dw.com-The European Central Bank has raised its main interest rate to 2.5% as it seeks to slow inflation in the eurozone. The US Federal Reserve, Bank of England and others all made similar moves this week.
The European Central Bank hiked on Thursday its interest rate by 0.5%, in its latest review this year, as it tries to control rising inflation in the Eurozone.
Interest rate was raised to 2.5%, the fourth hike to be introduced by the central bank in Frankfurt this year.
It comes hours after the Federal Reserve introduced also a 0.5% hike, wrapping a turbulent year where central bank policies have been seeking to keep inflation in check while not halting growth or prompting a recession.