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Euro zone consumers brace for recession and high inflation - ECB survey

Summary by Ground News
The Consumer Expectations Survey is used by policymakers for input in their deliberations. It showed euro zone households were beginning to lose faith in the ECB's ability to bring inflation back down. The ECB raised interest rate by 50 basis points last month and guided for more hikes in the months ahead to fight record-high euro zone inflation.

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  • 67% of the sources are Center
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Reuters broke the news in United Kingdom on Thursday, August 4, 2022.
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