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European Central Bank raises rate by 50 basis points despite banking crisis.
https://www.reuters.com/markets/europe/ecb-rate-hike-plans-clouded-by-financial-turmoil-2023-03-15/
Reuters
ECB cuts through bank turmoil to keep rate hike pledge
The European Central Bank raised interest rates as promised by 50 basis points on Thursday, sticking with its fight against inflation and facing down calls by some investors to hold back on policy tightening until turmoil in the banking sector eases.
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