Global Economic News

ECB To Hike Rates For First Time In Over A Decade

The European Central Bank is set to deliver the first hike in interest rates in 11 years on Thursday, and follow up with another such move in September, and may also provide guidance on the proposed anti-fragmentation tool.

Economists widely expect the Governing Council to raise rates by 25 basis points, as the bank announced in June.

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by Jyotsna V

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