European Central Bank raises rates by 50 basis points, its first hike in 11 years

European Central Bank raises rates by 50 basis points, its first hike in 11 years

• The ECB had previously signaled it would be increasing rates in July and September as consumer prices keep surging.
• investors kept a keen eye on details regarding the ECB’s new anti-fragmentation tool, which is aimed at supporting those nations with lofty debt piles, like Italy.

https://www.cnbc.com/2022/07/21/european-central-bank-raises-rates-by-50-basis-points-its-first-hike-in-11-years.html