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Evening Standard
Evening Standard
Business
Jonathan Prynn

EXPLAINED: Ecb puts inflation first as it raises rates by 0 5 | Rare Historical Photos

The European Central Bank (ECB) maintained the pace of interest rate hikes despite fears about the strength of the global banking systems after massive sell-offs this week.

The ECB increased its key rate by 0.5% to 3% even though markets had suddenly shifted exectations in the last 48 hours as a result of the worsening outlook for the financial markets

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