President of European Central Bank Christine Lagarde is seen here in Frankfurt, Germany, on March 10. The European Central Bank on Thursday announced it would hike its key interest rate by a half percentage point.
Mandatory Credit: Daniel Roland/Pool/Reuters
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The European Central Bank raises rates for the first time in 11 years
In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its key interest rate by a half percentage point.
