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The European Central Bank (ECB) made its largest-ever interest rate increase of 0.75% on Thursday. "Over the next several meetings the Governing Council expects to raise interest rates further to dampen demand and guard against...risk of...persistent upward shift in inflation expectations," the ECB said. In July, it raised interest rates for the first time in more than 11 years.
short by Anmol Sharma / 07:18 pm on 08 Sep
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