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ECB raises interest rates again, trims bank subsidies

Por: Fox Business Business October 27, 2022

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 Former Council of Economic Advisers chair Kevin Hassett reacts to the stock market rally on 'Kudlow.' raised interest rates again on Thursday and signaled it was keen to start shrinking its bloated balance sheet, taking another big step in tightening policy to fight off a historic surge in inflation. Worried that is becoming entrenched, the ECB is raising borrowing costs at the fastest pace on record, with further hikes almost... + full article



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