Live Update 
From the Liveblog of
Thursday, October 27, 2022
From the Liveblog of
Thursday, October 27, 2022
European Central Bank makes another large interest rate hike to combat inflation
The European Central Bank unleashes another jumbo rate hike on the eurozone today to combat record-high inflation, even as concerns mount about a darkening economic outlook.
The ECB again lifted its three key rates by 75 basis points, leaving them sitting in a range of between 1.5 and 2.25 percent. The ECB has now hiked rates three times since July, following in the footsteps of other central banks around the world.
