Euro reacts to ECB rate hike

Note: This section contains information in English only.
Source: Dukascopy Bank SA
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.
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