European Central Bank hikes policy rate by 50 basis points
- Economy
- Anadolu Agency
- Published Date: 04:46 | 16 March 2023
- Modified Date: 04:48 | 16 March 2023
The European Central Bank increased its policy rate by 50 basis points to 3.5% on Thursday.
"Inflation is projected to remain too high for too long," it said in a statement.
The decision was the sixth consecutive interest rate hikes since July 2022.
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