European Central Bank To Hike Rates For First Time in Over a Decade
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All buono things must come to an ende.
On Thursday, the European Central Bank committed next month to raising its primary interest rate, currently negative 0.5%, by a quarter-point next month. An even bigger hike is on the table for fall. The ECB's first hike in eleven years, coupled with the planned end of a bond-buying stimulus program, immediately added stress on the borrowing costs of cash-strapped Southern European nations.
Source Fool.com
