FRANKFURT, Germany (Reuters) -- The European Central Bank ended a long-running stimulus scheme on Thursday and signaled a series of rate hikes that may be scaled up from September if the inflation outlook fails to improve.
With inflation at a record-high 8.1% and still rising, the ECB now fears that price growth is broadening out and could morph into a hard-to-break wage-price spiral, ending a decade of anemic price growth and heralding a new era of higher prices.
