HomeBusiness & MoneyFinanceThe European Central Bank raised Interest rate.

The European Central Bank raised Interest rate.

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➤ The European Central Bank (ECB) has raised interest rates by a quarter percentage point to combat persistent inflation.

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EU legislation chamber

➤ This is the 10th consecutive meeting where the ECB has increased interest rates.
➤ The main refinancing rate is now at 4.50%, up from the forecasted 4.25%.
➤ Despite the risks of a recession, the ECB is prioritizing the fight against inflation.
➤ The ECB has signaled that it is likely done with tightening policy for now.

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Daniel Alison
Daniel Alison
Daniel is a adio news presenter with a passion for delivering compelling stories that inform and inspire. Known for a clear, engaging voice and a knack for breaking down complex topics, Daniel brings energy and insight to the airwaves. Outside the studio, He is an avid crypto enthusiast, exploring the evolving world of blockchain technology and digital assets. Whether discussing global news or the latest trends in crypto, Daniel combines curiosity and expertise to keep audiences informed and entertained.
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