The European Central Bank has raised interest rates for the first time in 11 years by a larger-than-expected amount in an attempt to cool rampant inflation in the euro zone.

European Central Bank hikes interest rates for first time in 11 years by larger-than-expected amount

The resurgence in coronavirus cases is the biggest threat to the recovering eurozone economy. Growth and inflation are more likely to create negative surprises over the coming year than positive ones.

Resurging cases of COVID-19 pose big challenge to Euro Zone economy

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European Central Bank hikes interest rates for first time in 11 years by larger-than-expected amount

Resurging cases of COVID-19 pose big challenge to Euro Zone economy