Breaking News: The European Central Bank raised interest rates by half a percentage point, its first increase in 11 years, in an effort to fight inflation. - HOT AIR BALLOON FLIGHT

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Breaking News: The European Central Bank raised interest rates by half a percentage point, its first increase in 11 years, in an effort to fight inflation.

BREAKING NEWS

The European Central Bank raised interest rates by half a percentage point, its first increase in 11 years, in an effort to fight inflation.

Thursday, July 21, 2022 8:22 AM ET

Amid a war and persistent economic disruption of the coronavirus pandemic, the European Central Bank raised interest rates on Thursday, joining the global effort to slow inflation while avoiding a recession among countries that use the euro.

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