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ECB's Zigman Warns Growth Is at Risk If Inflation Isn't Tackled
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An interesting discussion was initiated by the question of whether the continued low or even negative real interest rates, abundant liquidity and large balance sheets of central banks indicate that monetary conditions are still expansionary rather than restrictive, reports the CNB.
The Governor of the Croatian National Bank (HNB), Ante Žigman, in an interview with Bloomberg, asserted that economic growth could be threatened if inflation is not suppressed.
ECB Council member Ante Zigman warned on Thursday that the economic expansion could be jeopardized if the European Central Bank fails to control inflation, Bloomberg News reports.
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