ECB raises rates by 25 bps in inflation fight

FRANKFURT  – The European Central Bank raised interest rates by 25 basis points to 3.25 percent as expected on Thursday and said it would stop reinvesting cash from maturing debt in its 3.2-trillion euro Asset Purchase Program from July. The central bank for the 20 countries that share the euro has now lifted rates by … Continue reading ECB raises rates by 25 bps in inflation fight