finance
Central Bank Signals Further Rate Increases
Officials said inflation remains elevated and left open the option of additional tightening. They noted incoming data aligns with prior forecasts and cited high oil prices as a factor.
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Officials stated that inflation remains too high and did not rule out further tightening if needed. They added that the flow of data is consistent with expectations. Reports of a potential peace deal in the Middle East were described as welcome news. Officials cautioned that any resolution could take a long time.
Oil prices remain high.
Officials noted some signs that higher costs are being passed through to consumers.
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