The European Central Bank hikes rates to historic high but hints it could pause

The European Central Bank hikes rates to historic high but hints it could pause

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The European Central Bank raised interest rates by a quarter of a percentage point Thursday but hinted it could pause at its next meeting, as data points to a deepening economic downturn in the 20 countries that use the euro. The ECB hiked the benchmark rate in the euro area to 3.75%, which…

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