European Central Bank will raise interest rates in July for first time in 11 years

Thursday, June 9, 2022 | Tag Cloud Tags: , , , ,

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(Worthy News) – The European Central Bank will raise rates in July for the first time in 11 years, followed by another hike in September.

The move will see it follow other central banks in the shift from supporting pandemic economies to fighting rapidly-rising inflation.

The Bank of England has approved four rate increases since December and the US Federal Reserve raised its rate by a half-point in May. [ Source: Sky News (Read More…) ]

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