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Euronews
Euronews
Piero Cingari

ECB hostage to oil prices? Lagarde leaves door open for a September hike

Christine Lagarde ECB Oil Inflation the Governing Council

Just six weeks ago, the European Central Bank appeared to be winning its fight against inflation.

Oil prices had fallen sharply after a ceasefire between the US and Iran, inflation was cooling faster than expected and the eurozone economy was proving more resilient than initially feared.

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