ECB prepares groundwork for more aggressive tightening, says QNB ...Qatar

The European Central Bank (ECB) is preparing the groundwork for more aggressive tightening, QNB said and noted expect to see a more active ECB in the second half of the year. European bond markets have been particularly volatile in recent weeks as the general sell-off that started later last year deepened. The stagflationary shock triggered by the Russo-Ukrainian conflict was a major driver of the deterioration, adding to supply chain constraints associated with the pandemic, QNB said in an economic commentary. According to Bloomberg’s consensus forecasts, growth expectations for the Euro area in 2022 plummeted to 2.7%, from 4.4% as of September 2021. At the same time, Euro area inflation a

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