• Wion
  • /Business & Economy
  • /European Central Bank hikes interest rates for first time in 11 years by larger-than-expected amount

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

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.