 
                  
European Central Bank raises rates by 50 basis points, first hike in 11 years
The European Central Bank raised its benchmark deposit rate by 50 basis points to zero percent.
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The European Central Bank raised its benchmark deposit rate by 50 basis points to zero percent.
 
                  
The previous chief executive of Aegon (AEGN.AS) will supersede Chairman Paul Achleitner, one of Germany's most notable bankers. In May, he intends to step down after 10 laborious years.
 
                  
It reached a 3% record high after 10 years in the eurozone inflation division wherein a gain of 2% was witnessed in the second quarter.
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