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European Central Financial institution President Christine Lagarde is because of give a press convention following the financial institution’s newest financial coverage determination.
The ECB on Thursday confirmed expectations of a 50 foundation level rate of interest improve, taking its key charge to 2.5%.
In an announcement, it pledged to “keep the course in elevating rates of interest considerably at a gradual tempo” and, in unusually agency language, stated it meant to hike by one other 50 foundation factors in March.