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European Central Bank Raises Interest Rates For The First Time In 11 Years As Global Inflation Surges

Updated Jul 21, 2022, 10:56am EDT Topline The European Central Bank on Thursday authorized its first interest rate hike in 11 years in a bid to help cool rising inflation, becoming the latest central bank to more aggressively unwind policy that fueled economic growth during the pandemic even as global recession fears continue to rise.…

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