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ECB's Knot: We need rate hikes in June and July and open minded on September
ECB'S KNOT: WE NEED RATE HIKES IN JUNE AND JULY AND OPEN MINDED ON SEPTEMBER.
— Breaking Market News (@financialjuice) May 25, 2023
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ECB'S KNOT: THE ECB WILL MAINTAIN RATES AT PEAK FOR CONSIDERABLE AMOUNT OF TIME.
— Breaking Market News (@financialjuice) May 25, 2023
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ECB'S KNOT: THERE IS NO INDICATION THAT UNDERLYING INFLATION IS ABATING.
— Breaking Market News (@financialjuice) May 25, 2023
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Interest rates will stay high for 'quite a long time,' warns Bank of the Netherlands president
Industrial production in the euro zone is contracting and raw materials are cheaper than a year ago. Do you think high inflation can persist? The outlook for inflation is very uncertain, but we are currently seeing second-round effects. Energy prices have trickled down to other items in the “shopping basket”. Core inflation is currently our main concern and it is not yet showing signs of slowing down, especially in the services sector. Admittedly, manufacturing activity seems to be shrinking. But so far we are not seeing a slowdown in the services sector. Most services are labor intensive and wage developments ... (full story)