European Central Bank keeps key interest rate at 2.5%

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The European Central Bank (ECB) Governing Council voted to maintain its key deposit facility rate at 2.5% following a unanimous decision to pause after September’s 25 basis point increase. ECB President Christine Lagarde noted that while headline inflation reached 3.8%—a three-year high driven by 18.8% energy price inflation stemming from the Middle East…

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