ECB keeps markets guessing on rates with two weeks to go, warns of ‘layer cake of shocks’
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With less than 2 weeks remaining until the next European Central Bank meeting, the bloc's policymakers appear undecided on the future of interest rates. Financial markets are currently pricing in a hold at the April 29-30 meeting, followed by a hike in June, according to LSEG data. The majority of traders expect the ECB's key interest rate to reach at least 2.5% by the end of the year – a hike of 50 basis points or more from current levels. Speaking to CNBC at the IMF's Spring Meeting in
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