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European Central Bank makes another large interest rate hike

Por: ABC News World October 27, 2022

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FRANKFURT, Germany -- The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising questions about how far the bank intends to go with the threat of recession looming over the economy.The 25-member governing council raised its interest rate benchmarks by three-quarters of a percentage point at a... + full article



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