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flag A major bank expects potential rate hikes due to persistently high inflation, delaying rate cuts.

flag A major bank has revised its interest rate outlook following a concerning inflation report, signaling potential rate hikes amid worries about persistent price growth. flag The "ugly" data has raised fears that inflation remains too high, prompting the bank to suggest the central bank may need to keep rates elevated for longer than previously expected. flag This shift reflects growing uncertainty in financial markets and could impact consumers, businesses, and the broader economy.

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