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EURO ZONE FIRMS SEE NEW INFLATION SURGE IF WAR LASTS MONTHS

  • NEWS Desk Global
  • 2 days ago
  • 1 min read

Euro zone firms see the risk of a new inflation surge akin to that seen after the COVID-19 pandemic if the war in Iran ​lasts months, disrupting the supply of fuel, hydrogen and helium, a ‌European Central Bank survey showed on Monday.

The European Central Bank left interest rates unchanged last week but debated a hike to combat soaring inflation and signalled that it may start raising borrowing costs in June.

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