TechFlow News, March 18: According to JIN10 Data, Ebury analyst Matthew Ryan stated that the conflict in the Middle East is increasingly raising the likelihood that the European Central Bank (ECB) will raise interest rates rather than cut them at its next meeting. While the ECB typically overlooks the impact of supply shocks, the recent surge in inflation across the eurozone following the Russia-Ukraine conflict may make it more vigilant about secondary effects. Even before the outbreak of war, data—including sharply rising negotiated wages—had already signaled this trend. At Thursday’s meeting, ECB President Christine Lagarde is highly likely to emphasize that the ECB will not allow a dangerous surge in inflation. LSEG data shows investors expect eurozone interest rates to rise by approximately 36 basis points by year-end.
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