ECB policymaker Nagel says data will decide ECB's decision in June
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ECB policymaker Nagel stated that the decision for a rate hike in June will depend on economic data, despite the market pricing in an 88% probability for a hike. He noted that while inflation has risen due to energy prices, economic activity is slowing, and the ECB's mandate requires action if inflation expectations de-anchor. There are expectations for three rate hikes by year-end, but the situation remains uncertain due to potential geopolitical developments affecting oil prices.
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