The European Central Bank (ECB) has raised its interest rate to 4%, marking the 10th consecutive hike in its fight against persistent inflation. ECB President Christine Lagarde emphasized the need to control rising prices, despite concerns about the impact on economic growth in the eurozone. Analysts suggest this may be the final rate increase in the current tightening cycle as the ECB evaluates the effects on the slowing European economy. The decision highlights the central bank’s focus on inflation stability amid an increasingly challenging economic landscape.
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