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ECB likely to hike interest rates again despite market nervousness

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The European Central Bank is unlikely to be swayed from its strategy of raising interest rates despite ongoing nervousness in the global banking sector, senior analysts have said.

The European Central Bank is unlikely to be swayed from its strategy of raising interest rates despite ongoing nervousness in the global banking sector, senior analysts have said.

However, market watchers have warned that the health of the financial sector over the next six weeks will be crucial in determining what happens next when it comes to how expensive borrowing is for banks and consumers.

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