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Euro interest hikes expected amid Iran concerns

Euro interest hikes expected amid Iran concerns

Official data in the Eurozone showed an unexpected decline in inflation rates during June, dropping to 2.8% from 3.2% in May, below analysts' forecasts of 3.0%. This decrease gives the European Central Bank the opportunity to hold or delay interest rate hikes, although some experts anticipate inflation will rise again over the summer, with the possibility of the bank increasing rates once more in September.

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