Business

ECB Window for Big Rate Hikes Narrows With Recession Nearing

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“The ECB needs to act quickly now to thrash down inflation expectations before wage negotiations lead to second-round effects,” said Karsten Junius, chief economist at Bank J Safra Sarasin. “Once recession risks turn into reality and the strains on the economy start to show, it’ll be difficult to push through larger hikes.”



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