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Published 1 year ago

ECB likely to keep raising rates beyond 2% level, says French c.bank chief

Summary by Ground News
ECB will probably continue to raise interest rates beyond 2%, Francois Villeroy de Galhau says. The ECB has increased rates at its fastest pace on record recently, hiking them by a combined 200 basis points to 1.5% in just three months. Despite that rapid pace, markets still expect the bank to hike rates further to tame sharp, broad-based inflation.

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