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Sources On Dec ECB Decision; Italy Budget Calculations

MNI EXCLUSIVE

Two MNI Policy exclusives posted earlier in Friday's session:

  • The size of the European Central Bank’s rate hike next week will feed into talks on the timing of quantitative tightening, with hawks likely to press for a faster start to the ECB’s balance-sheet unwind in return for agreeing to an increase of no more than 50 basis points, Eurosystem officials told MNI. (Full article here)
  • The Italian government is aware that it could struggle to meet its 2023 budget deficit target of 4.5% of gross domestic product if measures to cushion business and households against soaring energy prices needed to be extended beyond March 31, two people familiar with the matter told MNI. (Full article here)

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