The European Central Bank and Bank of England both continued to raise interest rates at a historically rapid pace on Thursday — but they sent different signals about how much more policymakers will need to restrain the economy to contain inflation. Driving the news: Both central banks raised rates by a half-percentage point, matching the same pace as the last round of hikes in December. That's in contrast to the Federal Reserve, which continued to downshift its pace of hikes with a quarter-point increase on Wednesday. What they're saying: In a statement announcing the decision, the ECB said it intended to rates by a ... (full story)