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المشهد العربي
ECB Looks to Raise Interest Rates
The European Central Bank is preparing to raise interest rates once again to tackle inflation, which remains above the 2% target, with expectations of a potential increase by October based on upcoming economic data. These hikes come in conjunction with the bank’s decision to raise rates by 25 basis points, causing the yields on two-year German bonds to rise to 3.21%, the highest level since 2023, reflecting the expected tightening monetary policy in the near future. These measures are part of the bank's efforts to curb persistent inflation, especially amid ongoing increases in energy prices.
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