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Tuesday, June 18, 2024

ECB Could Raise Rates Above 3.5%, Hold Them There, Official Says

BERLIN—The European Central Bank could increase interest rates above 3.5% and likely won’t cut them this year as the bank moves forcefully to bring inflation back on target, a top ECB official said. The comments by Gabriel Makhlouf, Ireland’s central-bank governor, underscore a likely divergence …

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