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ANALYSIS-ECB sees a new inflation 'hump' as prices surge

Business & Finance

7 Min Read

FRANKFURT (Reuters) - A spike in euro zone inflation to above the European Central Bank’s target is a temporary “hump”, the ECB says - dusting off a metaphor used a decade ago by its then-president Jean-Claude Trichet.

FILE PHOTO: IMF President Christine Lagarde (L) and European Central Bank President Jean-Claude Trichet (R) attend a euro zone summit in Brussels October 23, 2011. REUTERS/Yves Herman

In 2011, the ECB hiked interest rates twice in four months, with Trichet yielding to Ge

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