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ECB Needs Further Rate Hikes to Contain Inflation Risks, Schnabel Says
According to Jin10 data, on August 26, ECB executive board member Schnabel said the central bank must raise rates further to contain inflation risks as the eurozone economy shows unexpectedly strong performance amid prolonged Middle East tensions. Consumer price inflation is likely to exceed the 2% target for an extended period, and policymakers must act early to prevent second-round effects, Schnabel warned, noting that delaying action until wage impacts emerge could require more aggressive mea
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