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Evening Standard
Evening Standard
Business
Jonathan Prynn

ECB lift its interest rates by 0.75% in the battle to curb inflation

ECB Inflation Interest Rates Bank of England Governing Council

The European Central Bank raised interest rates across the Eurozone by 0.75% today increasing the pressure on the Bank of England to follow suit next week.

The ECB - the central bank for the world’s biggest economic bloc - said the move was needed because “inflation remains far too high and will stay above the target for an extended period.” It was in line with economists’ forecasts.

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