"European Central Bank Boosts Interest Rates by 50 Basis Points as Inflation Concerns Persist - Further Hike Expected in March"

"European Central Bank Boosts Interest Rates by 50 Basis Points as Inflation Concerns Persist - Further Hike Expected in March"

The European Central Bank (ECB) took action to curb rising inflation by increasing interest rates by 50 basis points on Thursday. Despite recent data indicating a potential slowdown in inflation, the ECB signaled its intent to make another 50 basis points hike in March. Policymakers remain vigilant in their efforts to manage inflation in the Eurozone.