![President of European Central Bank Christine Lagarde speaks during a press conference in Frankfurt, Germany, Thursday, March 16, 2023 President of European Central Bank Christine Lagarde speaks during a press conference in Frankfurt, Germany, Thursday, March 16, 2023](https://static.euronews.com/articles/stories/07/67/93/92/1200x675_cmsv2_bdff7b95-c9e1-537f-a3b1-4a2f938eec32-7679392.jpg)
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Video. European Central Bank hikes rates again to 3.5% to battle inflation
The European Central Bank has pressed ahead with another interest rate hike, aiming to crush inflation that is driving up the cost of groceries, utility bills and summer vacations.
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