European central bank hikes rates from 3.5% to 3.75% | World Business Watch
Edited By WION Video Desk
Published: Jul 28, 2023, 05:35 IST | Updated: Jul 28, 2023, 05:35 IST
The European Central Bank (ECB) has raised its interest rate by 0.25 percentage points. With the latest hike, the ECB's current interest rate stands at 3.75%, this is a 23-year-high and indicates that the fight against inflation is far from over.
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