European Central Bank hikes rates and vows ‘we are not done’

President of the European Central Bank Christine Lagarde (Michael Probst/AP)

The European Central Bank (ECB) has hiked interest rates by another half-point and said it intends to make a similar move in March.

Policymakers are moving aggressively to choke off price spikes that have slowed from record highs but are still hurting households in the 20 countries that use the euro currency.