European Central Bank Raises Rates, Signals More Hikes to Come

ECB diverges from Fed and presses ahead with campaign against inflation

European Central Bank President Christine Lagarde says officials aren’t thinking of pausing interest-rate hikes. Photo: Alex Kraus/Bloomberg News

FRANKFURT—The European Central Bank nudged up interest rates by a quarter percentage point and indicated it will continue to push them higher, sending the euro surging.

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