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Euronews
Euronews
Quirino Mealha

ECB raises interest rates for the first time in three years as Iran war fuels inflation

The European Central Bank has raised interest rates for the first time in nearly three years, lifting its deposit facility rate from 2% to 2.25% following its governing council meeting on Thursday.

The ECB sets monetary policy for the eurozone through three key interest rates, with the deposit facility rate serving as its main policy benchmark.

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