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The European Central Bank (ECB) raised its three key interest rates by 25 basis points, with the deposit facility rate increasing to 2.50%, effective September 16.
The Governing Council of the European Central Bank has decided to raise the deposit facility rate, the main refinancing operations rate, and the marginal lending facility rate to 2.50%, 2.65%, and 2.90% respectively. This move aims to counter persistent inflationary pressures stemming from the Middle East conflict and ensure that inflation stabilizes at its 2% target over the medium term.
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