The European Central Bank raised interest rates for the first time in nearly three years, increasing the deposit rate to 2.25%
According to Jinshi reports, the European Central Bank raised the deposit facility rate from 2% to 2.25%, marking the first rate hike in nearly three years, in line with market expectations. The main refinancing rate and the marginal lending rate were raised to 2.4% and 2.65%, respectively.
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