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Ecb Should Not Rush to Raise Interest Rates: I. Schnabel
Summary by El Economista
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The European Central Bank (ECB) should not rush to raise interest rates to combat the surge in inflation, but should take its time to analyse whether this surge is consolidating, said Isabel Schnabel, member of the Governing Council of the ECB.The ECB revised upwards its inflation forecasts last week and policy makers are now discussing whether to increase revenue to prevent this rapid rise in prices from consolidating or ignoring this impact. “…
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