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European Central Bank hikes interest rates by 75 bps, highest since 2009
short by Dharini Mudgal / on Thursday, 27 October, 2022
European Central Bank (ECB) on Thursday raised interest rates it pays on bank deposits by 75 basis points (bps), taking it to the highest level since 2009 at 1.5%. It comes after the bank rose rates by 50 bps in July and 75 bps in September. ECB also increased the rate on its Main Refinancing Operation to 2.0% from 1.25%.
read more at Reuters