Global Market: ECB may need further rate hikes as inflation risks remain elevated, Dolenc says

The European Central Bank (ECB) may need to raise interest rates again due to ongoing inflation concerns. This is according to ECB policymaker Primoz Dolenc, who cited risks from energy, food, and geopolitical factors, despite stable core inflation. The current interest rate of 2.5% and inflation rate of 3.8% suggest that the ECB is still grappling with inflationary pressures.

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The ECB may raise interest rates further as inflation risks remain high. This could affect market confidence and investor sentiment.

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