The ECB raises big to battle inflation and bets on optimism
Updated: 09 Sep 2022, 10:56 AM IST
TL;DR.Unanimous 75-basis point hike to its benchmark deposit rate is the largest in the ECB’s 24-year history. The era of negative rates is now firmly in the rear-view mirror.
ECB President Christine Lagarde made clear that such big jumps would not be the norm. Photo: Bloomberg