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ECB Raises Rates by Half a Percentage Point
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wsj.comFRANKFURT—The European Central Bank announced a larger-than-expected half percentage point interest-rate increase and unveiled a new plan to buy the debt of Europe’s most vulnerable economies, taking bold action to protect the currency union as it navigates the twin threats of skyrocketing inflation and slowing economic growth.
Write to Tom Fairless at tom.fairless@wsj.com
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