Tag: Banks

The European Central Bank is facing a tough decision on whether to hike interest rates amid mounting recession risks. The ECB has raised rates by 0.75 percentage points since July last year, but the war in Ukraine and rising energy prices are putting renewed upward pressure on inflation. The ECB is likely to pause its rate-hiking cycle at this week's meeting, but it will keep the door open for further tightening in the future if inflation continues to rise.