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The European single currency rose 1.6 percent against yen And by more than 1.4 percent compared to dollar.
The bank was European Central Last week it raised rates Benefit in the area euro by a record 0.75 percentage point, and warned that inflation will remain high for a long time.
And on Sunday, Nagl paved the way for the possibility that the European Central Bank would continue to raise interest rates amid a continued escalation inflation.
Observers now expect the ECB to raise rates by a large margin in October.
Analyst Craig Erlam of Oanda Financial Services said: "The European Central Bank is expected to raise interest rates again after these statements".
He added that expectations were pointing to a recovery euro After the heavy losses in the past days, including its decline last week to its lowest level against the dollar in 20 years.
The European Central Bank raises the cost of Lending Following the announcement of the reserve fed The US announced the tightening of monetary policies to address the significant rise in consumer prices.
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The European single currency rose 1.6 percent against yen And by more than 1.4 percent compared to dollar.
The bank was European Central Last week it raised rates Benefit in the area euro by a record 0.75 percentage point, and warned that inflation will remain high for a long time.
And on Sunday, Nagl paved the way for the possibility that the European Central Bank would continue to raise interest rates amid a continued escalation inflation.
Observers now expect the ECB to raise rates by a large margin in October.
“The ECB is expected to raise rates again after these comments,” said analyst Craig Erlam of Oanda Financial Services.
He added that expectations were pointing to a recovery euro After the heavy losses in the past days, including its decline last week to its lowest level against the dollar in 20 years.
The European Central Bank raises the cost of Lending Following the announcement of the reserve fed The US announced the tightening of monetary policies to address the significant rise in consumer prices.