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President of European Central Bank Christine Lagarde arrives for a press conference in Frankfurt, Germany, Thursday, March 16, 2023, after a meeting of the ECB.

Video. European Central Bank increases interest rate by 0.5%

Updated: 16/03/2023 - 18:23 GMT+1

European Central Bank increases interest rate by 0.5% despite turmoil in the banking sector and financial markets.

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