ECB Insider: High Likelihood of Rate Hike in June

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On April 30, sources from the European Central Bank indicated that the likelihood of a rate hike in June is very high, as policymakers reached a general consensus on Thursday that action is necessary. Central bank policymakers discussed the required tightening measures on Thursday. Several policymakers believe that at least two rate hikes are needed unless the war ends and Brent crude oil prices fall sharply.

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