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المشهد العربي
ECB May Delay Rate Increase
The article discusses expectations that the European Central Bank will postpone its interest rate hike in the upcoming meeting due to deteriorating geopolitical conditions and recent events in the Middle East. These developments have brought matters back to square one, following initial optimism about a decline in the fallout from the conflict on inflation within the Eurozone. It is noted that current economic data show stable oil and gas prices and a slowdown in inflation, reducing the immediate need for action. The bank is expected to keep this option on the table for discussion in September, as the unstable situation persists due to renewed conflicts and rising global uncertainty.
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