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2024 Top 500 ranking: 16

The ECB Delivers a (Final?) Dovish Hike


The ECB raised its deposit rate to 4.0% today, an all-time high since the launch of the euro. It cited uncomfortably high headline inflation of more than 5% as the key driver of its decision. Higher interest rates signal concern among ECB policymakers that underlying inflation could become embedded. That ...

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