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المشهد العربي
ECB: Interest hikes alone insufficient
Member of the European Central Bank Governing Council, Gijominas Simkus, affirmed that the expected interest rate hike during the upcoming meeting will not be sufficient on its own to bring inflation back to the target range of 2%. Current data indicate that increases in natural gas prices, food, and agriculture, along with the strong performance of the European economy and its surpassing of expectations, are exerting upward pressure on consumer costs. Although bond yields continue to rise, this reflects shifts in financial markets and does not pose fundamental concerns, according to Simkus, who emphasized that additional solutions may be necessary to achieve price stability.
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