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European Central Bank continues rate hike amid banking sector fears

Isabel Baxter, 17/03/2023

The European Central Bank (ECB) has risen interest rates by 50 basis points, taking base rates to 3.5 percent.

This is a move by the ECB to tackle inflation.

This rate rise surprised some as it came in the wake of the closure of Silicon Valley Bank in the US and Credit Suisse’s turn to the S...


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