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Figures raise expectations that regional data will show inflation is past its peak
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UK, Switzerland, Norway and South Africa all raise rates in wake of Fed move
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Emergency meeting addresses surging borrowing costs in eurozone countries such as Italy
...Additional reporting by Martin Arnold in Frankfurt...
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...“Reducing VAT on gas prices is really counterproductive,” said Klaus Adam, economics professor at the University of Mannheim. “It’s never a good idea to mess with the price mechanism....
...Martin Arnold Why haven’t expectations of higher interest rates boosted the pound?...
Euro climbs after Dutch central banker Klaas Knot becomes first governing council member to suggest half-point rise
...said Adam. “She is no expert herself and her chief economist has been so wrong on inflation.”...
Investors anticipate ‘earlier and faster’ rate increases as policymakers battle hot inflation
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