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European Central Bank (ECB). The ECB Schedules Liftoff for July

June 9, 2022
Hendrix Vachon
Principal Economist

As expected, soaring inflation in the eurozone has forced the ECB to change course. Inflation clocked in at 8.1% in May, significantly higher than it was a few months ago. The picture is less dire if you strip out food and energy, but prices are starting to rise across the economy.