Author: Balazs Koranyi
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ECB promises more rate hikes after unprecedented increase
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and promised further hikes, prioritising the fight against inflation even as the bloc is likely heading towards a winter recession and gas rationing. With inflation at a half-century high…