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ECB’s Pivot Toward Rate Hikes Feeds Fears of New Bond Crisis

  • Officials including Lagarde gather at Portuguese resort Sintra
  • They meet amid record inflation and debt-market jitters
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WATCH: Lagarde said last week the war in Ukraine means that the euro-area economy is “still surrounded by high uncertainty.”Source: Bloomberg
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European Central Bank policy makers gather on a Portuguese hillside on Monday with the sinking feeling that their rush to tackle the inflation shock they failed to forecast risks both a recession and echoes of the euro area’s sovereign debt crisis.