ECB raises interest rates by 50 basis points
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E-mailBy Scott Kanowsky
Investing.com -- The European Central Bank raised interest rates by 50 basis points as expected on Thursday, and signalled plans to raise them further.
The ECB's deposit rate now stands at 2%, while the borrowing cost for its main refinancing operations and marginal lending facility moved up to 2.50% and 2.75%, respectively.
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