
The European Central Bank raised its key interest rates by 25bps as widely expected, and the accompanying statement delivered a clear message: the Middle East conflict is now a major inflation problem for the Eurozone. Explaining the decision, ECB said that “the war in the Middle East is generating inflation pressures” and that the rate […]
The post ECB Hikes, Sees Higher Inflation, Lower Growth as Middle East Conflict Deepens appeared first on ActionForex.