Eurozone recession risks increase, interest rates rise = central bank governor of Slovakia

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Eurozone recession risks increase, interest rates rise = central bank governor of Slovakia

[28th Reuters] - European Central Bank (ECB) Board Member Kazimir Slovak Central Bank President Kazimir indicated on the 28th that although the risk of a recession in the euro area is increasing, interest rates will continue to rise in order to curb inflation. In the preface to the financial stability report of the central bank, it was pointed out that “financial market uncertainty and fluctuations continue, and the economic situation is unfavor…