Business

Euro, Stock Futures Fall as Energy Crisis to Test ECB on Rates

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“At some point markets may start to question how much inflation central banks are willing to tolerate if economies slip into recession, especially if that root of that inflation is supply driven,” said Su-Lin Ong, head of Australian economic and fixed-income strategy at Royal Bank of Canada. “Weaker growth, or recession, and a weaker labor market are ultimately the price to be paid, but prolonged elevated energy prices could temper the extent to which the ECB moves both this week and over the cycle.”



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