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ECB Reports: A Likelihood of Another Rate Hike If Inflation Forecasts Don't Improve
The European Central Bank (ECB) reports
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The European Central Bank (ECB) reports following the monetary policy meeting held on July 22-23 indicate that ECB members remain inclined towards further monetary policy tightening, despite the unanimous decision to keep current interest rates unchanged. Officials emphasized that another hike may be needed if inflation forecasts do not improve significantly, while avoiding any commitments regarding such a move at the September meeting.The Governing Council concluded that unexpected economic data justified pausing the tightening cycle in July. Overall inflation in
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