EUR: ECB to remain slightly hawkish

The European Central Bank (ECB) is expected to maintain a hawkish stance towards inflation in this afternoon’s interest rate decision. In its November meeting, policymakers agreed that the central bank should continue normalizing and tightening monetary policy to curb high inflation. Today, the ECB is expected to hike interest by 50 basis points (rather than the 75 we’ve seen in previous decisions.)

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