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European Central Bank raises interest rates for first time in 11 years
short by Anmol Sharma / on Thursday, 21 July, 2022
The European Central Bank (ECB) on Thursday raised interest rates for the first time in more than 11 years. The ECB raised its key interest rate by 0.5 percentage points to 0.0%. The ECB said that the increase is necessary to limit the pressure on prices over the next two years. It also increased its main refinancing rate to 0.50%.
read more at Reuters