Head of the ECB Says that Next Steps Will Depend on Data, but Direction Is Clear

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The damage caused by the conflict in the Middle East cannot be healed overnight and the European Central Bank (ECB) still has work to do, stated on Tuesday (23) Peter Kazimir, president of the central bank of Slovakia and member of the ECB's board. The ECB raised interest rates this month to prevent higher energy prices from increasing inflation expectations in the long term, and the financial markets expect at least one more this year, even wit…