European Central Bank Decision-Maker Speaks Out: Urges Tough Action to Curb Inflationary Pressures
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A member of the Governing Council of the European Central Bank (ECB) is calling for an early, decisive interest rate hike. According to Alvaro Santos Pereira, reducing inflationary pressures is currently more important than concerns about the economic slowdown, Portfolio reported.
The European Central Bank (ECB) must intervene against inflation at the right time to prevent it from being transmitted to the wider economy, ECB Governing Council member Álvaro Santos Pereira said on Saturday, Reuters reports. “We are currently worried about inflation, we need to watch these figures very carefully. However, based on past experience, I think we should act sooner rather than later to avoid major second-round effects,” Pereira tol…
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