The European Central Bank, which lags behind the Federal Reserve in the pace of raising interest rates, finally acted< Br > < div class= "contheight" > < / div > on July 21, the European Central Bank announced that the main refinancing rate, marginal lending rate and deposit convenience rate were increased by 50 basis points to 0.5%, 0.75% and 0% respectively, which was also the first interest rate increase by the European Central bank in 11 years. At present, the short-term exchange rate of the euro against the US dollar has risen sharply to 1.0255< Br > < div class= "contheight" > < / div > the background for the European Central Bank to raise interest rates is that the eurozone is facing severe inflation challenges< Br > < div class= "contheight" > < / div > according to the data released by the European Bureau of statistics on July 19, the final value of adjusted CPI in the euro zone in June rose by 8.6% year-on-year, continuing to hit a record high, with the previous value of 8.1%. In addition, CPI in the euro zone rose 0.8% month on month in June, unchanged from expectations and initial values. Excluding volatile food and energy, the final value of euro zone core and adjusted CPI rose by 3.7% in June, unchanged from expectations and initial values, and increased by 3.8% in May< br>