ECB to hike interest rates for the first time in 10 years; Nama reports €262m in profits

The European Central Bank (ECB) announced that it will raise interest rates rates for the first time in a decade and officially end its multibillion-euro buyback programme in July of this year. The ECB said it also intends to raise rates a second time this year in September. The move comes as inflation, driven by rising energy and food costs, hits record highs across the Eurozone. New figures released by Eurostat showed that the rate ...