ECB raises interest rates by quarter of a point to tame inflation
by Anna Isaac from Economics | The Guardian on (#6C73X)
Move marks eighth successive rise, highlighting struggle to cool price rises amid juddering growth
The European Central Bank has raised eurozone interest rates by a quarter-percentage point to the highest level since 2001 and signalled another hike was likely as it seeks to tame inflation.
It marks the eighth successive rate rise for the bank, underlining a struggle across many developed economies to cool price rises amid juddering economic growth.
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