Stagflation Dangers Stalk Europe as Markets Eye End to Hikes
- Investors pare bets on rate move despite stubborn inflation
- Post-summer central bank meetings kick off with ECB decision
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The recurring nightmare for European policymakers that their economies will become crippled by inflation-impaired lethargy just won’t go away.
Mounting evidence across the region of growth running aground and consumer prices remaining untamed is confronting officials in Frankfurt and London as they return from summer breaks to reassess whether interest-rate settings are where they should be.