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Story summary
- The European Central Bank faces pressure to raise rates amid rising inflation and stagnant growth.
- Analysts from J.P. Morgan, Morgan Stanley, and Barclays expect three hikes this year, in April, June, and July.
- ECB President Christine Lagarde described the outlook as significantly more uncertain.
- Bundesbank President Joachim Nagel said an April hike is possible if inflation persists.
- Jean-Claude Trichet, former ECB President, cautioned against jumping to conclusions about stagflation.
