European interest rates set to rise by a further 0.5%

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European interest rates set to rise by a further 0.5%
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A second straight hike on Thursday of 50 basis points is widely predicted by economists and markets after being flagged repeatedly by officials

The European Central Bank is about to deliver another half-point increase in interest rates, though investors will be more interested in clues about where borrowing costs are headed beyond this week.

. Whether a third follows in March is a matter of intensifying debate as inflation retreats but other gauges suggest more action ...

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