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News
ECB lifts borrowing costs amid energy shock, opens door for more hikes
3+ day, 19+ hour ago (587+ words) The European Central Bank raised interest rates Thursday for the second time this year as renewed Middle East fighting fans fears of higher inflation, and opened the door for further hikes. As widely anticipated, the central bank for the 21 eurozone…...
Eurozone inflation hits three-year high at 3.3% in August
1+ week, 6+ day ago (349+ words) Eurozone inflation jumped to 3.3 percent in August, the highest level in three years, as the war in the Middle East kept pushing up energy costs, official data showed Tuesday. Well above the European Central Bank's two-percent target, the figure from…...