Rising energy prices? BORING! The ECB looks like it will be tied up with more pressing issues next week, like France and the future of ECB President Christine Lagarde. Even markets are losing interest. Yet the sharp rise in natural gas prices still poses a serious headache for European inflation. James Smith looks at how it could top 5% this winter It’s a sign of the times that energy prices are not the top talking point at next week’s European Central Bank meeting . They might not even be the second. France , surging bond yields, and what the ECB might do about all that will take centre stage. Will Frankfurt curtail its rate hike cycle? Will it stop quantitative tightening?
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