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European Central Bank slows pace of rate hikes but vows more

Por: ABC News Business May 05, 2023

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FRANKFURT, Germany -- The European Central Bank slowed the pace of its interest rate increases Thursday, stepping back like the U.S. Federal Reserve from a string of jumbo hikes aimed at snuffing out inflation. But The ECB also says it is “not pausing” even as its efforts are working by making mortgages and business loans harder to get.The quarter-point hike comes a day after the Fed approved the same increase but hinted it may be the last... + full article



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