Inflation across the Eurozone is expected to remain “too high for too long,” the regulator has warned The European Central Bank (ECB) raised interest rates for the ninth consecutive time on Thursday, indicating further tightening amid stubbornly high inflation and a growing risk of recession in the euro area. The latest rate increase of a quarter percentage point brings the ECB’s main rate to 3.75%, its highest level since a similar level set in 2000. The main refinancing rate was set at 4.25%. “Inflation continues to decline but is still expected to remain too high for too long,” the central bank stated. “Future
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