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ECB Officials Converging on Quarter-Point Hike in Third Quarter

  • Policy makers on Thursday reaffirmed stimulus-exit plan
  • Lagarde pinpointed June’s meeting as key to policy timeline
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European Central Bank President Christine Lagarde says the war in Ukraine has increased the risk of inflation. The ECB is “very attentive to the current uncertainties,” she added during a news conference.Source: Bloomberg
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European Central Bank policy makers are forming a consensus around increasing interest rates in the third quarter of 2022 to tackle record inflation, according to people familiar with the matter.