CIBC: Analyzing the implications of February's US CPI report for the Fed
CIBC says don't overreact to this report
Source: forexlive.com
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CIBC says don't overreact to this report
The euro declined against its major counterparts in European deals on Thursday, as the European Central Bank raised interest rates by 25 basis points, but hinted at a pause in the tightening cycle as the bank estimates that the current level of interest rates if maintained for long would ensure a timely return of inflation to the target.