Traders pushed chances for a rate increase to 70% in morning action.
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The central bank is contending with rising prices, the consequences of the U.S.-Iran war and surging government borrowing costs.
Brief by WorldPing · Original reporting by CNBC World
WorldPingBorrowing costs climb in Europe and oil tops $105 a barrel as bank says growing price pressures in eurozone will be ‘longer lasting than we had anticipated’ Business live – latest updates The European Central Bank has raised interest rates to 2.
Brief by WorldPing · Original reporting by The Guardian
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