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First time in three years! The European Central Bank raised interest rates as expected amid rising inflation, reiterating it would not pre-commit to a future policy path.
The European Central Bank raised interest rates by 25 basis points as expected on Thursday, increasing the deposit facility rate from 2% to 2.25%. This marks the central bank's first rate hike in three years.
Express News | The European Central Bank raised interest rates for the first time in nearly three years, increasing its three key policy rates in line with market expectations.
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