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The European Central Bank raises interest rates for the 10th time to mitigate high inflation amid concerns

that higher borrowing costs could push the economy into a recession.

Published September 14, 2023· Updated October 28, 2026·1 min read

Context: Economy of the European Union.

The European Central Bank raises interest rates for the 10th time to mitigate high inflation amid concerns that higher borrowing costs could push the economy into a recession.

Event summary via Wikipedia Current Events (2023-09-14).