The European Central Bank raised all three key interest rates by 50 basis points

07/21 12:20

July 21 - The European Central Bank raised all three key interest rates by 50 basis points, with the market expecting a 25 basis point increase, the first increase in 11 years. The rate will take effect on July 27, 2022. Consistent with its firm commitment to price stability, the ECB took further key steps to ensure that inflation returns to its 2% target over the medium term.
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