• It has been quite noticeable over the last number of weeks, that central bankers have been very keen to emphasise their resolve and credentials to tackle higher than expected and more persistent inflation, by implementing an aggressive front loading of rate hikes...
• This hawkish mantra was clearly evident over the past week...
• Inflation concerns within the ECB are highlighted in their updated macro projections...
• The ECB guided that it expects over the next several meetings to raise interest rates further...
• This week, the monetary policy spotlight was supposed to be on the Bank of England..
• Starting with UK inflation, headline CPI jumped in July to 10.1% from 9.4%...

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