The European Central Bank is expected to again hike interest rates on Thursday and signal that the fight against inflation is not over yet.
With a possible rebound in core inflation yet to be excluded the ECB is tipped to raise interest rates further despite the eurozone being in recession.FRANKFURT - The European Central Bank is expected to again hike interest rates on Thursday and signal that the fight against inflation is not over yet, analysts said, even as the eurozone falls into recession.
More interesting to investors will be any clues from president Christine Lagarde at her afternoon press conference in Frankfurt about how much higher rates will go -- or if a pause might be on the horizon. Eurozone inflation eased to 6.1 percent in May year on year, from a peak of 10.6 percent in October, mainly thanks to rapidly declining energy prices.
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