European Central Bank hikes rates to highest level since 2000

European Central Bank hikes rates to highest level since 2000

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The European Central Bank (ECB) raised interest rates by a quarter of a percentage point Thursday, judging that inflation remains too high even as data points to a deepening economic downturn in the 20 countries that use the euro. The move takes the benchmark rate in the euro area to 3.75%, the…

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