Thu, 21 Jul 2022 12:38:25 GMT
Euro reacts to ECB rate hike
At 12:15 GMT, the European Central Bank did its first rate hike since April 2011 by hiking an unexpected 0.50% and published its Monetary Policy Statement.
The central bank intends to combat rampant inflation despite worries that heavily in debt countries would struggle with servicing their sovereign bond debt.