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ECB's Nagel says it's highly probable ECB will have to act again
ORIGINAL · NewsquawkECB's Nagel says it's highly probable ECB will have to act againRead originalHide original
Early stages of pricing chain point to upward pressures. Short-term inflation expectations have risen. Outlook has deteriorated since September. Highly probable ECB will have to act again.
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Nagel said the ECB is highly likely to act again as the outlook worsens; markets were already pricing a December rate increase to 2.75%.
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Early stages of pricing chain point to upward pressures. Short-term inflation expectations have risen. Outlook has deteriorated since September. Highly probable ECB will have to act again.
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