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27.09 - 16:55
ECB policy outcome tomorrow: Another rate hike could push EU into long recession, warn analysts
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European economy to witness an economic contraction this year. “It’s reported that the ECB’s decision on whether to raise interest rates or not on Thursday is on a knife-edge.
This is because the central bank is having to deal with stalling growth and persistently high inflation. But we urge the ECB to refrain from raising interest rates considering the economic context and potential consequences,'' said Green.
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