The European Central Bank is about to raise interest rates for the first time in 11 years as it attempts to put a lid on record inflation
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What's happening: The ECB has made clear that it will hike rates at its meeting on Thursday for the first time in 4,032 days. The only question is the size of the increase, which could be as high as half a percentage point.Strategists think the central bank is likely to stick to a smaller increase of a quarter of a percentage point, betting that the ECB will be hesitant to contradict the past guidance it handed markets.But they also worry that a smaller rate hike could be a mistake.
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