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ECB's Lagarde says interest rates to stay high as long as needed to defeat inflation

Por: ABC News Business August 26, 2023

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JACKSON HOLE, Wyoming -- Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday. “While progress is being made, she said, “the fight against inflation is not yet won.”Lagarde’s remarks, at an annual conference of central bankers in Jackson Hole, Wyoming, came against the backdrop of the ECB's efforts... + full article



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