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Euro-Area Inflation Hits Record, Raising Pressure on ECB

  • Consumer prices rose 7.5% on year in April, matching estimate
  • Policy makers are mulling end to QE, rate hike in the summer
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ECB Focused on Scale, Timing of Normalization: Economist Lane
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Euro-area inflation climbed to a fresh all-time high, raising pressure on the European Central Bank to remove crisis-era stimulus and lift interest rates.