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European Central Bank raises rates by three quarters of a point and promises more to come

Por: CNN Business October 27, 2022

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London CNN Business  —  The hiked interest rates by three quarters of a percentage point on Thursday, promising further hikes to come and forecasting an extended economic slowdown. The move will take the benchmark rate for the 19 countries using the euro to 1.5%. The central bank has now at three consecutive meetings by a combined 2 percentage points in a bid to get control of inflation even as a . Before the hiking cycle began, rates in the... + full article



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