ECB HIKES RATES FOR NINTH TIME, DESPITE RECESSION FEARS
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31.07.2023
EU Observer (July 27, 2023)
By WESTER VAN GAAL
The European Central Bank raised interest rates for the ninth consecutive time on Thursday (27 July), even as the risk of recession is growing.
The bank has now increased borrowing costs by 4.25 percent since last summer, to the highest it has been since the euro was introduced.
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