The European Central Bank (ECB) has raised its key interest rates for the second time in three months to help keep inflation in check as the emerging recovery in the 12-country eurozone gathers pace. The ECB has lifted the minimum bid rate for its regular refinancing operations by a quarter of a percentage point to 2.50 per cent at its regular monthly policy-setting meeting. The guardian of the euro also increased its other two key rates - the deposit rate by 0.25 per cent to 1.50% and the marginal lending rate to 3.50%.
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