ECB to raise interest rates for a seventh time in inflation fight

ECB to raise interest rates for a seventh time in inflation fight

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The European Central Bank raised interest rates by 25 basis points to 3.25% as expected on Thursday and signalled that more tightening would be needed to tame inflation. The central bank for the 20 countries that share the euro has lifted rates by a combined 375 basis points since last July, its…

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