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ECB sources report: Policymakers see July pause if energy prices stay where they are

  • Need to see material surge in crude prices to bring back July hike
  • Projections embed two more rate hikesm meaning a Sept hike is still possible

The ECB likes the look of brent down to $92 from a high of $125 but it's being held down artificially by strategic reserve releases and drawdowns.

This article was written by Adam Button at investinglive.com.

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