By Tom FairlessFRANKFURT--The European Central Bank increased its key interest rate by a quarter percentage point, pressing ahead with its fight against high inflation despite recession fears. The ECB raised its deposit rate to 3.75% from 3.5%, as expected. Write to Tom Fairless at tom.fairless@wsj.com(END) Dow Jones NewswiresJuly 27, 2023 08:32 ET (12:32 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal July 27, 2023 12:40 UTC