Excessive pricing for ECB terminal rate
Growth momentum indicators like the PMIs continue to paint a picture of economic resilience in the euro area that, together with core inflation still running above target and the Iran war dragging on without a clear ending in sight, gives the ECB sufficient justification to keep raising rates.
Growth momentum indicators like the PMIs continue to paint a picture of economic resilience in the euro area that, together with core inflation still running above target and the Iran war dragging on without a clear ending in sight, gives the ECB sufficient justification to keep raising rates.
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