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ECB Exits Negative Interest Rate Policy With 50 Basis Point Hike; Bitcoin Steady

The European Central Bank's first rate hike since 2011 comes four months after the Fed kicked off its tightening cycle, sending risk assets lower.

By Omkar Godbole

Updated May 11, 2023, 6:44 p.m. Published Jul 21, 2022, 12:51 p.m.

ECB raises rates for the first time in 11 years. (moritz320/Pixabay)