The European Central Bank Is Preparing for Another Tightening – The Middle East Conflict Could Overwrite the Plans

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Interest rates should be raised again in December if data in the coming weeks does not significantly change the outlook, Philip Lane, the European Central Bank's chief economist, told Bloomberg. According to the expert, eurozone inflation could be slightly above 4 percent by the end of the year, and food price increases and core inflation could accelerate further early next year.

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The rise in interest rates in the euro area is likely due to high inflation and energy prices. ECB chief economist Philip Lane confirms third increase.