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The Piney Point

European Central Bank raises interest rates a quarter point to quell energy-fueled inflation

European Central Bank raises interest rates a quarter point to quell energy-fueled inflation
Photo: KPRC 2 / Click2Houston (NBC) · view original

The European Central Bank raised interest rates Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy that suggests businesses can weather the higher borrowing costs. The central bank for the 21 EU member...

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