ECB Expected to Resume Rate Hikes With 25 bps Increase in September

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The European Central Bank is expected to resume interest rate hikes in September, raising the interest rate on the Main Refinancing Operations and the Deposit Facility by 25 basis points to 2.65% and 2.50%, respectively. The decision is driven by rising inflation and energy risks. The ECB will announce the decision on Thursday at 12:15 GMT.

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ECB expected to hike rates 25bp in September, raising the policy rate itself.

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