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Knot Sees Possibility For Further ECB Hikes in May

ECB
  • ECB's Knot says ECB are unlikely to be done with rate hikes, and still think a rate hike could follow in May, although the size is less certain.
  • Knot adds that core inflation is showing no signs of abating, with wages and services the main drivers. As a result, inflation risks are clearly tilted to the upside, with second round wage effects increasingly visible.

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