European Central Bank Raises Rates by 75 Basis Points

Posted on 10/28/2022

The European Central Bank (ECB) announced a hefty 75-basis-point interest rate hike. This is the ECB’s third consecutive rate increase this year. This current rate hike takes the ECB’s main benchmark from 0.75% to 1.5%. This is a level not seen since 2009 before the European sovereign debt crisis. The ECB is dealing with record-high…

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