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ECB to Finally Join Global Rate-Hike Club: Decision Guide

  • Record inflation to bring first increase in more than a decade
  • Investors also eager for details of new crisis-fighting tool
Christine Lagarde 

Christine Lagarde 

Photographer: Peter Boer/Bloomberg
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The European Central Bank is about to raise interest rates for the first time in 11 years, joining peers around the world in confronting a historic spike in inflation after months of standing on the sidelines.