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ECB likely to stick to big rate hike despite banking turmoil
ECB likely to stick to big rate hike despite banking turmoil,European Central Bank policymakers are leaning towards a half-percentage-point rate hike on Thursday, as the banking sector turmoil is dissipating, the eurozone economy is picking up strength and inflation is set to remain too high for years. Investors had begun to doubt the ECB's commitment to another big rate hike…

ECB likely to stick to big rate hike despite banking turmoil

European Central Bank policymakers are leaning towards a half-percentage-point rate hike on Thursday, as the banking sector turmoil is dissipating, the eurozone economy is picking up strength and inflation is set to remain too high for years. Investors had begun to doubt the ECB's commitment to another big rate hike…