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The European Central Bank raises interest rates by a quarter percentage point and predicts that inflation will remain 'too high for too long'
The European Central Bank announced a new quarter-point rate increase on Thursday, bringing its key rate to 3.75 percent.
The most recent action concludes a full year of consecutive rate increases in the euro zone, which the ECB began in July to combat high inflation.
• Regulations by Basel group now to be implemented in January 2023
• Fundamental Review of the Trading Book also be implemented in January 2023
• 120 billions freed by The European Central Bank
European Banking Authority has estima...