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ECB will stick to its policy stance amid steady inflation
The European Central Bank (ECB) is expected to stick to its policy stance at their upcoming meeting on Thursday as inflation does not seem to accelerate and growth remains solid. "It is clear that the most recent Inflation figures do not suggest in any way that the ECB will need to deviate from its 'prudence, patience and persistence' mantra," Dirk Schumacher, ECB watcher at Natixis in Frankfurt explained in a note to clients. "The one development, however, which continues to point to a renewed pick-up in core inflation is wage growth, which has accelerated clearly since the beginning of the year," he added. ... (full story)