Europe's central bank to hike interest rates in July amid inflation, 1st in 11 years - World News

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Friday, June 10, 2022

Europe's central bank to hike interest rates in July amid inflation, 1st in 11 years

The European Central Bank will raise interest rates next month for the first time in 11 years, followed by another hike in September, as it catches up with other central banks worldwide in pivoting from supporting the economy during the COVID-19 pandemic to squelching soaring inflation.

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