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The European Central Bank (ECB) raised the three key ECB interest rates by 50 basis points on Thursday to bring down the inflation in the eurozone, according to a statement.
This is the fourth ECB rate hike since July.
Accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 2.50 percent, 2.75 percent and 2.00 percent, respectively.
The bank expects to raise the rates further because "inflation remains far too high and is projected to stay above the target for too long."
(Cover: The European Central Bank in Frankfurt, Germany, October 31, 2022. /CFP）
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Disinformation report hotline: 010-85061466