Sources: ECB rate hike very likely in June
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ECB officials consider a June rate hike nearly certain due to persistent high energy costs driving inflation above the 2% target. While a June hike is likely, the ECB may avoid committing to further increases, remaining data dependent. Current inflation stands at 3%, and financial markets anticipate three rate hikes over the next year, with the first in July. The EURUSD has recently increased.
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