‘The economic horizon is darkening…’: What the ECB’s rate hike will change

The European Central Bank (ECB) had been preparing the ground for weeks. Enough to give the markets time to get used to the idea. All that remained was to know the level of the increase in key rates that the monetary institution based in Frankfurt (Germany) was going to announce. Christine Lagarde and the Board of Governors have finally decided to strike hard, in the high range of analysts’ forecasts.