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Added on the 08/09/2022 15:41:23 - Copyright : AFPTV - First images
The European Central Bank left its rates unchanged on Thursday, marking a pause in its restrictive monetary policy after 10 increases since July 2022.
The European Central Bank has pressed ahead with another interest rate hike, aiming to crush inflation that is driving up the cost of groceries, utility bills and summer vacations.
The European Central Bank has slowed the pace of its interest rate increases, stepping back like the US Federal Reserve from a string of jumbo hikes aimed at snuffing out inflation.
The eurozone's central bank intends to make spending more expensive in order to bring down prices.
Federal Reserve Chair Jerome Powell announces a raise of the benchmark interest rate by three-quarters of a percentage point, adding that the Fed expects ongoing rate increases "will be appropriate." It is the second straight 75 basis point increase, and the fourth rate hike this year. SOUNDBITE