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ECB hints that they could perhaps be done with rate hikes

And that is what is weighing on the euro at the moment. In case you missed the decision post earlier, I'll summarise the change below. In June, they said that:"The Governing Council’s future decisions will ensure that the key ECB interest rates will be brought to levels sufficiently restrictive to achieve a timely return of inflation to the 2% medium-term target and will be kept at those levels for as long as necessary."Meanwhile, in July now they are saying:"The Governing Council’s future decis... Read More

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Posted: Jul 27 2023, 12:27

Author Name: forexlive

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