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Higher inflation supports ECB rate hike, strengthening EUR
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ECB Inflation Risks Support Another Hike, Nordea Says
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Nordea strategists note that Euro-area flash inflation rose to 3.3% year-on-year in August, driven mainly by higher energy inflation, while core inflation edged down to 2.4% on weaker services. The strategists argue that these inflation risks support another rate hike by the European Central Bank.
Higher inflation supports ECB rate hike, strengthening EUR