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ECB expected to raise interest rates twice this year
The European Central Bank (ECB) will raise interest rates twice this year in the wake of upward pressure on consumer prices resulting from the war in Iran, according to a recent Bloomberg survey of experts. The first increase of 0.25 percentage points is expected at the next interest rate announcement on Thursday, June 11. After that, the majority of those surveyed expect another interest rate increase of the same amount before the end of the year. [...]