14 Sept 2023 Jahr - Interest Rates at all-time High

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Eurozone interest rates have been hiked to a record high by the European Central Bank (ECB).

The bank raised its key rate for the 10th time in a row, to 4% from 3.75%, as it warned inflation was "expected to remain too high for too long".

The latest increase came after forecasts predicted inflation, which is the rate prices rise at, would be 5.6% on average in 2023.
But the ECB signalled that Thursday's hike could be the last for now.

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