Central Banks
ECB Goes Big With Jumbo Hike as Lagarde Hints More to Come
- Deposit rate raised to 0.75% from 0%; economists saw 0.75%
- New forecasts show faster inflation, flagging European economy
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The European Central Bank hiked interest rates by a historic amount and President Christine Lagarde hinted it could do the same again as part of “several” future moves to escalate officials’ attack against rampant inflation.