ECB hawk warns protracted Middle East conflict could keep eurozone inflation elevated
TL;DR Summary
ECB policy hawk Olli Rehn warns that a protracted Middle East conflict could keep euro-area inflation elevated, signaling a likely 25bp deposit-rate rise to 2.5% at the September meeting, while noting eurozone growth has held up and stressing caution to avoid an affordability crisis amid high energy prices.
Topics:business#economy#european-central-bank#eurozone-economy#eurozone-inflation#middle-east-conflict#olli-rehn
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