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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Index closes lower with M&S set to rejoin, Ocado shares surge, EU inflation stuck at 5.3%

Interest rate jitters continued today after eurozone inflation remained at 5.3% this month.

The reading is a setback to hopes that the European Central Bank will be able to pause interest rate hikes at its meeting on 14 September.

For UK borrowers, a leading Bank of England policymaker today flagged the possibility that rates may peak lower but stay high for longer.

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