Christine Lagarde, president of the ECB, is speaking to reporters about the decision
(Picture: REUTERS)The European Central Bank has made the biggest single interest rate rise in its history, highlighting the extent of the fight against inflation at global monetary policy guardians.
Its Governing Council lifted the 19-nation bloc’s key benchmark rate by 0.75% to 1.25% in a unanimous decision. It took rates to their highest level since 2011 after the ECB ended eight years in negative territory with a 0.5% hike in July.
