The ECB has raised interest rates by 0.25 per cent for the second straight month, after a similar hike in May, bringing them up to a 22 year high of 3.5 per cent.
Christine Lagarde, president of the ECB, said at a press conference:"The key ECB interest rates will be brought to levels sufficiently restrictive to achieve a timely return of inflation to the 2 per cent medium-term target and will be kept at ...
Source: Loan Digest (loandigest.net)
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