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More ECB Officials Distrust Inflation Forecast Amid Hawkish Turn

  • Unexpectedly high data outcomes are unsettling policy makers
  • Chief economist defends staff modeling, projection process
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Lagarde Says the ECB Won't Be Rushed Into Raising Rates
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A growing number of European Central Bank policy makers are losing faith in the institution’s current inflation forecasting, emboldening their shift toward hiking interest rates later this year, according to officials with knowledge of the matter.