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ECB faces inflation pressures amid rising energy costs
The article discusses the European Central Bank's concerns about rising inflation rates in the Eurozone, resulting from higher energy prices due to geopolitical tensions in the Middle East. The continued increase in oil and gas prices threatens price stability and may force the bank to consider raising interest rates again, although any decisions will depend on the worsening economic outlook discussed in September meetings. Bank officials emphasized that the high level of uncertainty makes it more difficult to forecast the economic path, and that monetary policy will remain cautious, closely monitoring fuel price fluctuations to ensure price stability, while focusing on balancing economic growth and addressing inflation.
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