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MNI: ECB Hikes 50bps, Approves Crisis 'Spread' Tool - Text

(MNI) London

With inflation at euro era highs, ECB finally moves to join global central banks in hiking rates.

True

The European Central Bank hike its key policy rates by 50 bps Thursday and approved a new tool to guard against fragmentation of eurozone bond spreads.

The full text of the statement follows:

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The European Central Bank hike its key policy rates by 50 bps Thursday and approved a new tool to guard against fragmentation of eurozone bond spreads.

The full text of the statement follows:

Keep reading...Show less