Europe's central bank hikes key interest rate to record high even as recession threat grows
President of European Central Bank Christine Lagarde speaks at the press conference in Frankfurt, Germany, Thursday, Sept.14, 2023, after a meeting of the ECB's governing council. (AP Photo/Michael Probst)
FRANKFURT, Germany (AP) — The European Central Bank hiked its key interest rate to a record high Thursday, pressing its fight against stubbornly high inflation that has been plaguing consumers — even as worries grow that higher borrowing costs could help push the economy into recession.
The increase of a quarter-percentage point comes as central banks around the world, including the U...
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