European Central Bank raises interest rates as officials expect more hikes

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Inflation in the Eurozone ticked up to 7% in April. The European Central Bank raised interest rates to 3.25% and indicated more hikes are to come. Brendan McKenna, an international economist for Wells Fargo, joined CBS News to compare the ECB and Federal Reserve's approaches to inflation.

#europe #economy #news

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News and politics
moneywatch, eu, inflation

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