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European Central Bank President Christine Lagarde is due to give a press conference following the bank’s latest monetary policy decision.
The ECB on Thursday confirmed expectations of a 50 basis point interest rate increase, taking its key rate to 2.5%.
In a statement, it pledged to “stay the course in raising interest rates significantly at a steady pace” and, in unusually firm language, said it intended to hike by another 50 basis points in March.
This article was originally published by Cnbc.com. Read the original article here.