ECB Plans First Rate Hike In 11 Years To Combat Inflation

<p>European Central Bank plans the first rate hike in 11 years. "Inflation has forced the ECB’s hand, but they have been slower to react than either the Fed or the Bank of England. This latest move was pretty much expected, but it does not look like these kind of tiny interest rate hikes are going to bring inflation under control," says Octavio Marenzi. He also weighs in on whether or not to invest in ETFs that short bonds or stay in cash.</p><p><br></p>