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Central Banks

ECB Preps Another Big Hike as Focus Shifts to Where It Will Stop

  • Second straight 75 basis-point move all but certain this week
  • Quantitative tightening, banks’ cheap loan terms up for debate
Bloomberg business news
ECB’s Centeno: Rate Hikes Preferred Instrument for Now
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The European Central Bank is priming another hefty hike in interest rates this week as the attention increasingly switches to how high it will eventually push.

A second straight three-quarter-point increase -- an increment that appeared almost inconceivable earlier this year but is becoming the norm after three such moves by the Federal Reserve -- is all but a done deal on Thursday, bringing the deposit rate to 1.5%.