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Two years ago, we started raising interest rates because inflation was far too high. Today, the situation is improved. Although some prices are still going up markedly, especially in the services sector, inflation overall has come down a lot. It is currently on track to reach 2% next year, which is the level that we target in our pursuit of price stability. ...
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The surge in non-farm payrolls triggered a dollar jump across the board while risk appetite deteriorated. US non-farm payrolls increased 272,000 for May, much higher than consensus forecasts of around 180,000, although there was a small downward revision for April to 165,000 from 175,000 reported previously. The unemployment rate increased to 4.0% compared ...
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