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ECB to Raise Rates by 25 Basis Points Next Week, Leading G7 Against Iran-Driven Inflation

GateNews
Forex
According to Jin10 Data, the European Central Bank is expected to raise rates by 25 basis points next week, becoming the Group of Seven's leading central bank to tighten monetary policy amid global inflation pressures from Iran conflict. Markets anticipate at least one additional rate hike later this year. In contrast, the Bank of Canada is likely to hold rates steady, while the Federal Reserve and Bank of England are expected to remain on hold this month as they monitor the impact of the Iran crisis. The ECB will also release its quarterly economic projections assessing different scenarios of the energy shock's impact on the eurozone economy.
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