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ECB President Signals Gradual Rate Hikes Despite Stubbornly High Inflation



SINTRA, Portugal—European Central Bank President Christine Lagarde stated the financial institution would increase rates of interest regularly over the approaching months, veering from a worldwide push towards sooner fee will increase as inflation broadens and intensifies world wide.

Speaking on the ECB’s annual financial coverage convention in Portugal on Tuesday, Ms. Lagarde stated Europe’s inflation drawback was deepening, however warned that the area additionally confronted weaker progress prospects associated to the war in Ukraine.



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