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European Central Bank Raises Key Interest Rate by Quarter Point

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Breaking: The European Central Bank raised its key interest rate by a quarter percentage point, taking it to a near-15-year high

FRANKFURT—The European Central Bank increased its key rate by a quarter percentage point, shifting to less aggressive monetary policy tightening amid signs that the

bank’s monthslong campaignThe decision to move more slowly in raising borrowing costs despite persistently high inflation comes after the Federal Reservea WSJ subscription

 

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