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ECB still likely to lean towards a 25 bps rate hike this week

However, those odds could swing significantly depending on the numbers that we see for the Eurozone CPI data tomorrow. But after having seen the national breakdowns from last week, there's no strong suggestion that the ECB needs to get panicky and go with a 50 bps move instead.Adding to that is the slightly disappointing Eurozone Q1 preliminary GDP figures, which was largely weighed down by flat growth in Germany. The supposed resilience in the region lies mostly with the peripheries at this poi... Read More

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Posted: May 1 2023, 07:27

Author Name: forexlive

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