Sven Jari Stehn
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Energy prices take center stage as the ECB prepares to decide on rates
The European Central Bank is expected to hike interest rates on Thursday, as policymakers address the threat of second-round inflation effects amid elevated energy prices. Unlike the Fed, the ECB has a single mandate — keeping inflation close to a target of 2% — and recent data shows an uptick in both its headline and core readings. Headline euro zone inflation rose to 3.2% in April as energy prices soared 10.9% year-on-year.