European Central Bank holds interest rates steady after 10 consecutive hikes

European Central Bank holds interest rates steady after 10 consecutive hikes

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The European Central Bank ended its run of interest rate hikes on Thursday, despite new upside risks to inflation from oil markets amid the Israel-Hamas war. The key rate is set to remain at a record high of 4%, where it was brought through 10 consecutive hikes that began in July 2022 and pushed…

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