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No pause in sight as ECB eyes next rate hike
The European Central Bank will almost certainly deliver another interest rate hike on Thursday, pressing ahead with its fight against inflation even as the eurozone slides into a recession. Analysts predict that ECB policymakers will copy May’s move and again raise borrowing costs by 25 basis points, taking the closely watched deposit rate to 3.50 percent. It would be the Frankfurt institution’s eighth-consecutive hike since last July, when it kicked off an unprecedented campaign of monetary tightening after Russia’s war in Ukraine sent food and energy costs surging. Eurozone inflation slowed to 6.1 percent ... (full story)
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