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Renewed oil price rise pressures central bank toward second rate hike this year

  • Oil prices have risen again, putting pressure on a central bank.
  • The central bank faces pressure to raise rates for a second time this year.
  • The rate decision remains the central policy issue described in the report.

A renewed rise in oil prices is putting pressure on a central bank to raise interest rates for the second time this year. The development highlights the challenge facing policymakers as they respond to higher energy costs while assessing monetary policy.

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