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ECB Urged to Avoid Rushed Rate Hikes
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ECB Urged to Avoid Rushed Rate Hikes
European Central Bank (ECB) board member Isabel Schnabel has cautioned against hastily raising interest rates to combat the current surge in inflation. Speaking at a university lecture in Zürich, Schnabel emphasised the importance of thoroughly analysing whether the inflationary jump is becoming entrenched before taking action. Policymakers are currently debating whether to raise rates to prevent rapid price growth or to consider the shock as te…
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