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ECB's Kazaks: Rise in energy prices does create upside risk to inflation

Recent energy price rise is structural, not a short-term transitory riseGiven current outlook, rate cut expectations around middle of 2024 are too earlyRates will need to remain restrictive for quite a whileIn his words, the mix of the rise in energy prices and lower inflation in recent months vindicates pausing i.e. not enough to hike again. But I guess they will twist the story however it needs to be to fit with their narrative. What else is new, am I right? This article was w...
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Posted: Sep 21 2023, 08:09
Author Name: forexlive
Views: 091034