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A Permanent Ten Percent Increase in Oil Prices Could Push Inflation up to Six Percent
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The interest rate hike and the message from the Monetary Policy Committee were a necessary step to reverse the disastrous trend of recent months so that the conditions for an interest rate cut are finally created, according to an economist, who warns that inflation could rise below six percent this year if the rise in oil prices does not reverse. A slight reduction in the inflation premium yesterday was a short-lived relief for the Central Bank,…
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