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Evening Standard
Evening Standard
Business
Daniel O'Boyle

‘’We are not pausing’: Lagarde says ECB isn’t finished after raising rates by a quarter point

Europe ECB European Central Bank Inflation

The European Central Bank has raised rates by a quarter of a percentage point, in a hike that its president Christine Lagarde signaled was unlikely to be the last.

The current rise to 3.25%-4% means the bank has now raised interest rates by 3.75 percentage points in the past year, after the eight-year-long spell in which deposit rates were negative.

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