The European Central Bank has raised rates for the first time since 2011. Its benchmark deposit rate has increased by 50 basis points to zero per cent.
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Europe's central bank hikes interest rates
European Central Bank President Christine Lagarde speaks during a news conference Source: AAP / RONALD WITTEK/EPA
The European Central Bank has raised rates for the first time since 2011. Its benchmark deposit rate has increased by 50 basis points to zero per cent.
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By Phillippa Carisbrooke
Source: SBS News
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