B · Normal
[The European Central Bank warns that energy shocks are intensifying and the risks of upward inflation and downward economic growth are rising simultaneously] On October 29, the European Central Bank stated that energy prices continue to rise and the scale and duration of energy shocks increase, which may push up inflation and drag down economic growth. Financing conditions have tightened since the last meeting, which may also curb inflation and economic growth. Underlying inflation currently remains generally stable, with wages yet to show a significant response.
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