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ECB rate hike increasingly likely as investors weigh next steps
CNBC World reports that an additional European Central Bank rate hike is viewed as close to certain, as markets continue to debate what policy action should follow next.
The outlet links the ECB’s deliberations to a mix of inflation pressure, the spillover effects from the U.S.-Iran war, and higher government borrowing costs across the region.
According to CNBC World, investors appear divided on the sequence and pace of subsequent steps even as expectations converge on at least one more move higher from the ECB.
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