Will the ECB deliver one more rate rise?
For the first time in more than a year, the European Central Bank’s decision of whether to raise interest rates at its meeting on Thursday is resting on a knife-edge.
Having already raised its benchmark deposit rate from minus 0.5 per cent last summer to 3.75 per cent as it tackled the biggest surge in inflation for a generation, the ECB now seems to be approaching the peak of its policy tightening.
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