The European Central Bank will raise interest rates again on Thursday to fight runaway inflation and, with a big move and a record one under consideration, the only question is by how much. Concerned that sky-high inflation is getting increasingly entrenched, policymakers are scrambling to keep a lid on the bloc's most damaging bout of price growth in nearly half a century as it eats up household savings and weighs on business output. Ultimately, the choice will be between a 50 and a 75 basis point increase in the zero percent deposit rate. The latter would be the biggest ever hike of the ECB's benchmark rate, but ... (full story)