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ECB again eyes jumbo rate hike to 'tame inflation beast'
ECB again eyes jumbo rate hike to 'tame inflation beast'
by  AFP

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring. Like other central banks, the ECB is using a series of rate hikes to bring inflation under control -- at the risk of slowing economic activity to such an extent that it triggers a downturn.

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