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    ECB expected to increase interest rates

    1 week ago

    15

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    The European Central Bank is anticipated to raise interest rates by 0.25% today, bringing the main rate to 2.5%. This decision is driven by rising inflation, currently at 3.3%, primarily due to increasing oil prices, which have surpassed $100 per barrel. The move will impact mortgage repayments and could lead to higher returns for savers.
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