The European Central Bank believes inflation will persist and is digging into more rate hikes

Brace yourself for two or more half-point rate hikes next year (and fewer bond purchases) as the European Central Bank embarks on the ‘long game’ in its inflation ‘battle’.

Ports and war metaphors aside – and there were plenty of those during ECB President Christine Lagarde’s press conference on Thursday – the message was clear: the bank will ease prices, even if it means a major slowdown in growth.

https://www.independent.ie/business/world/european-central-bank-convinced-inflation-will-persist-and-digs-in-for-more-hikes-42223103.html The European Central Bank believes inflation will persist and is digging into more rate hikes

Fry Electronics Team

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