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Market Extra: ECB slows rate hikes, but signals it’s far from done

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The European Central Bank delivered a half-point rate increase Thursday, slowing the speed of its monetary tightening after a pair of larger rate moves. But policy makers emphasized that market participants should prepare for a series of rate hikes to come.

“We need to take this fight and continue the battle against inflation, so we will continue that at a steady pace,” ECB President Christine Lagarde told reporters at a news conference following the decision.

“So…

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