The European Central Bank (ECB) began to raise interest rates Thursday by 25 basis points as of July 9. The rise will be the first in 11 year and will put an end to the 0 interest rate policy that has prevailed in the region. The European Central Bank HikeAccording to Reuters, the Governing Council of the entity met in order to stop the sharp rise in inflation due to the war in Ukraine. Q1 2022 hedge fund letters, conferences and more In addition, the European Central Bank announced that as of September, “a gradual but sustained rhythm of more increases in interest rates will be appropriate,” …