The European Central Bank has raised rates for the first time since the global meltdown, moving the interest rate from 1% to 1.25%. Widely expected by the European markets, the 25 basis points interest rate hike by ECB President Jean-Claude Trichet signalled the bank was keen on sticking by the term he had used earlier 'strong vigilance'.
Bill Hubard, Chief Economist, markets.com in an interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
