The European Central Bank will raise interest rates next month for the first time in 11 years and add another hike in September, catching up with other central banks worldwide as they pivot from supporting the economy during the COVID-19 pandemic to squelching soaring inflation. The surprise move Thursday marks a turning point after years…
AMSTERDAM, the Netherlands (AP) The European Central Bank (ECB) will raise interest rates next month for the first time in 11 years and add another hike in September, catching up with other cent.