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Pictet WM: Rising inflation in Europe should prompt ECB to tighten

As inflation in Europe is rising, the European Central Bank (ECB) is likely to tighten its policies moving forward despite the stronger euro, Pictet Wealth Management says. “We think that any core inflation print at or above the August level of 1.2% would be strong enough for the ECB to move ahead with policy normalisation,” the bank said in its…

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