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Global Market | High energy costs threaten eurozone inflation outlook: ECB's Nagel
Economic Times 2 hrs ago·5 Oct 2026, 9:56 am
Eurozone inflation stands at 3.8%, with Bundesbank President Joachim Nagel warning of upside risks from energy, food and refining costs. However, wage and price-setting remain contained, while long-term inflation expectations stay aligned with the ECB’s 2% target. Markets increasingly expect further ECB rate hikes, though Nagel urged flexibility.
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