No pause in sight as ECB eyes next rate hike

By Agence France-Presse

Jun 13, 2023 12:15 am

FRANKFURT: The European Central Bank (ECB) will almost certainly deliver another interest rate hike on Thursday, pressing ahead with its fight against inflation even as the eurozone slides into a recession.

Analysts predict that ECB policymakers will copy May's move and again raise borrowing costs by 25 basis points, taking the closely watched deposit rate to 3.50 percent.

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