Eurozone raises interest rates for first time in 11 years

[onthedarkside]

 

The European Central Bank (ECB) has raised interest rates for the first time in more than 11 years as it tries to control soaring eurozone inflation.

 

The ECB increased its key interest rate by 0.5 percentage points to 0.0% and plans further hikes this year.

 

The rate has been negative since 2014 in a bid to boost the region's economy after years of weak growth.

 

(more)

 

https://www.bbc.com/news/business-62240730

 

 

[Berkshire]

Ah, was wondering why the Euro shot up against the THB, now worth more than the USD again.

[KhunBENQ]

Hope the exchange rate won't be a short flash in the pan.
Italy tumbling again after Mr Goldman Euro quit.