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European Central Bank slows rate hikes but vows more ahead

President of European Central Bank Christine Lagarde waits for the beginning of a press conference after a meeting of the ECB's governing council in Frankfurt, Germany, Thursday, Dec. 15, 2022. (AP Photo/Michael Probst) President of European Central Bank Christine Lagarde laughs during a press conference after a meeting of the ECB's governing council in Frankfurt, Germany, Thursday, Dec. 15, 2022. (AP Photo/Michael Probst) President of European Central Bank Christine Lagarde gestures during a press conference after a meeting of the ECB's governing council in Frankfurt, Germany, Thursday, Dec. 15, 2022. (AP Photo/Michael Probst) President of European Central Bank Christine Lagarde goes to a press conference after a meeting of the ECB's governing council in Frankfurt, Germany, Thursday, Dec. 15, 2022. (AP Photo/Michael Probst) President of European Central Bank Christine Lagarde waits for the beginning of a press conference after a meeting of the ECB's governing council in Frankfurt, Germany, Thursday, Dec. 15, 2022. (AP Photo/Michael Probst) FILE - The European Central Bank is located near the river Main in Frankfurt, Germany, Tuesday, Dec. 13, 2022. The ECB could slow its record pace of interest rate increases. Analysts say Thursday's meeting could see an increase of half a percentage point instead of three-quarters of a point after inflation fell unexpectedly in November. (AP Photo/Michael Probst, File)
European Central Bank slows rate hikes but vows more ahead