The European Central Bank will begin hiking interest rates from tomorrow in an effort to stem rampant inflation. This will be their first rate hike since 2011. And according to people familiar with the matter, the ECB may consider raising interest rates by double the quarter-point it outlined just last month because of the worsening inflation backdrop. On Money in the Market, Hongbin Jeong speaks to Radhika Rao, Executive Director & Senior Economist at DBS Bank, Singapore to discuss how likely the ECB may lift rates by 50 basis points. 

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