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Uncertainty "All-Encompassing" and Inflation Could Reach Five Percent
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The inflation measurement for the first month of the year looks set to be much worse than previously forecast, mainly due to the "muddle" offered by the government, with the annual rate set to rise to five percent, according to economists at Arion Bank. If that happens, it is highly unlikely that the Central Bank will lower interest rates next month, unless labor market figures indicate a "rapid cooling" in the economy.
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