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ECB raises interest rates by 0.5 percentage points

“The Governing Council decided to increase the three main ECB interest rates by 50 basis points [0.5 percentage points]”, announced, this Thursday, the institution led by Christine Lagarde.

Following this decision, “the interest rate applicable to the main refinancing operations and the interest rates applicable to the marginal lending facility and the permanent deposit facility will be increased to, respectively, 3.50%, 3.75% and 3%, with effect from March 22, 2023”, announced the European Central Bank (ECB).

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