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Daily Memo: ECB Raises Interest Rates
It's the sixth rate hike in a row.
Fighting inflation. The European Central Bank on Thursday hiked interest rates by half a percentage point. The main rate increased to 3.5 percent, the marginal lending facility to 3.75 percent and the deposit rate to 3 percent. This is the bank’s sixth rate hike in a row as it continues to fight inflation, which has […]