ECB's Modest Rate Hike: A Calculated Gamble in Uncertain Times The European Central Bank's (ECB) recent decision to keep interest rates unchanged has left many wondering if the institution is taking too cautious an approach.
However, a modest rate hike as proposed by Governing Council member Yannis Stournaras could be just what the doctor ordered for Europe's faltering economy.
Inflation remains a pressing concern in the eurozone, with prices rising at their fastest pace in decades.