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Frankfurt, Germany - November 09, 2020: European Central Bank ECB, EZB headquarters at Eastend Frankfurt, Germany. The European Central Bank (ECB) is the central bank of the Eurozone. Close-up of the logo in front of the building.

Decision raises benchmark deposit rate to 4%, highest since the euro was established in 1999

Growth is expected to stay tepid

Roller coaster food basket

Decline in the core measure points to inflation coming under control

Ontario and British Columbia premiers also make direct appeals to the bank to not increase rates

Fighting for empty office chair

Unemployment rate of 6.7% forecast, with anticipated job losses of about 50,000

Student debt

Report finds about 45% of students expect to graduate with up to $20,000 in debt, a jump from 30% in 2013

Canadian flags in business district

Central bank says it's ready to raise interest rates further if needed

The country is one of the fastest growing economies of the world

Map of BRICS countries

All five leaders are said to back the principle of letting in new members, but decision still uncertain

Central bankers deciding economy

As central bankers gather at Jackson Hole conference this week, speeches will be scrutinized for hints