Europe's central bank raised its interest rate
... but rates are only part of the job
The European Central Bank (ECB) raised interest rates by 50bp, the first increase in 11 years. Consumer prices have risen 8.6% in the past year, forcing the bank to do something. Russiaβs invasion of Ukraine has created an energy crisis, and consumer confidence indicators are already pointing to a slowdown. Increasing the rate will strain public and priβ¦