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ECB set to hike again with inflation stubbornly high
Another interest rate hike appears a near certainty when ECB policymakers meet Thursday as inflation remains high, but the central bank faces increasing discontent among countries scared high interest rates will hurt growth. The Frankfurt-based institution has lifted borrowing costs at the fastest rate ever to combat red-hot inflation after Russia’s war in Ukraine sent food and energy prices soaring. Key rates have risen by four percentage points since July last year, with the ECB’s deposit rate now sitting at 3.50 percent – its highest level since 2001. The sequence of rate hikes does not look like it will ... (full story)
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