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Iceland’s central bank raises interest rate to 4.75%

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© Reuters. FILE PHOTO: Iceland’s national flag and a church are seen in the town of Vik, Iceland April 22, 2010. REUTERS/Lucas Jackson

COPENHAGEN (Reuters) – Iceland’s central bank raised its key policy rate by 100 basis points to 4.75% on Wednesday, the third hike this year, to cope with increasing inflationary pressure.

Iceland’s central bank raises interest rate to 4.75%

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