Frankfurt | The European Central Bank raised its key interest rate to a record peak on Thursday and signalled this will probably be its final move in a more-than-year-long fight against stubbornly high inflation.
The central bank for the 20 countries that share the euro also raised its forecasts for inflation, which it now expects to come down more slowly towards its 2 per cent target over the next two years, while cutting its expectations for economic growth.
