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ECB will 'stay the course' of rate hikes

chinadaily.com.cn | Updated: 2023-01-20 22:09

The European Central Bank will continue raising interest rates for as long as it takes to bring down inflation to 2 percent, said ECB President Christine Lagarde in a panel discussion at the World Economic Forum in Davos, on Thursday.

Lagarde said inflation is still too high. On interest rates, she said: "We shall stay the course until such time when we have moved into restrictive territory."

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