European Central Bank raises rates by 75 basis points to tackle soaring inflation
Summary by Ground News
ECB raises interest rates by a record 75 basis points. New forecasts show inflation will remain above 2-percent target for years to come. New interest rates will be effective as of 14 September 2022. Analysts said it was a close call whether the Governing Council would hike by 50 basis points or 75.Published 5 months ago · Frankfurt, Germany
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