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ECB Braves One Final Hike As Forecasts Show Rising Stagflation Risk
The ECB on Thursday raised rates for a 10th time, in what was likely the final hike of the most aggressive tightening campaign in the institution's relatively short history.
Headed in, the decision was billed as a cliffhanger and a toss up. Ultimately, hawks won the day.
The statement repeated that inflation is "still expected to remain too high for too long," even as it "continues to decline."
The problem (well, there are a lot of problems, but the main problem) is that core and services i
