European Central Bank raises interest rates quarter of a point to tame inflation

1 year ago 47

It is the eighth successive rate rise for the bank, highlighting a struggle to cool price rises amid slow growth

The European Central Bank has raised eurozone interest rates by a quarter-percentage point as it seeks to tame inflation.

It marks the eighth successive rate rise for the central bank, underlining a struggle across many developed economies to cool price rises amid slow economic growth.

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