FRANKFURT: After raising interest rates for the first time in over a decade at their last meeting, European Central Bank (ECB) policymakers are poised to deliver another record hike on Thursday in a show of determination to tame soaring inflation.
Steep increases in energy prices in the wake of Russia's invasion of Ukraine on February 24 have heaped pressure on households and sent the pace of consumer price rises to new highs.
This July 21, 2022 file photo shows the European Central Bank sign at its headquarters in Frankfurt am Main, western Germany. AFP PHOTO