The ECB, the central bank of the 19 nations that share the euro
currency, surprised markets by pushing its benchmark rate up by 50
basis points, bringing its deposit rate to zero. Traders had expected a
smaller hike of 25 basis points. ... The ECB had previously signaled it would be increasing rates in July and
September as consumer prices keep surging, but it was unclear whether
it would go as far as bringing rates back to zero. lololololol
More.
Where will the shocking inflation-fighting developments end?!
