A Russian default could have a ripple effect by adding pressure on global debt markets
The decision aims to contain inflation without choking off economic growth, the central bank said
Celsius Network stopped withdrawals and transfers between accounts
Concern grows that interest rate hikes could tip U.S. economy into recession
The ECB will raise rates by a quarter-point in July and left open the possibility of a more drastic, half-point hike in September
For many countries, recession will be hard to avoid, the agency's president said
The decision increases the pace of restoring cuts made during the pandemic
A former manager claimed the asset management firm exaggerated the environmental credentials of certain funds
Meeting minutes suggest half-point increases may be appropriate ahead
Inflation in the 19 countries that share the euro currency hit 7.5% in April