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75 basis points

European Central Bank raises interest rates by 75 basis points

Governing council of the European Central Bank (ECB) decided to increase the three key interest rates of the ECB by 75 basis points. As a result, the interest rates on main refinancing operations as well as marginal lending facility and deposit facility interest rates will be increased to 1.25 percent, 1.50 percent, and 0.75 percent, respectively,…
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