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Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy
Credit: IndiaTimes- Published on October 26, 2023
The European Central Bank (ECB) has left interest rates unchanged for the first time in over a year amidst concerns over the Israel-Hamas war and the weakening European economy. The ECB's decision comes after a series of rate increases over the past year, which pushed its key rate to a record-high of 4%. Inflation in Europe has...
Video credit: euronews (in English)
Published on October 26, 2023 - 01:00
Europe's central bank halts rate hikes as Israel-Hamas war casts a shadow over the economy
The European Central Bank left its rates unchanged on Thursday, marking a pause in its restrictive monetary policy after 10 increases since July 2022.
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