European Central Bank Delivers Record Rate Hike, Signals Further Tightening

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European Central Bank Delivers Record Rate Hike, Signals Further Tightening

Summary Against a backdrop of persistent and elevated inflation, the European Central Bank (ECB) delivered a record rate hike at today’s monetary policy announcement, raising its Deposit Rate by 75 basis points to 0.75%. The ECB also said inflation remains far too high and that it expects to raise interest rates further over the next […]

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