ECB “not rush” to tighten monetary policy despite inflation surge

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Frankfurt, Nov 20 (SocialNews.XYZ) The European Central Bank (ECB) must not rush to tighten its monetary policy since the elevated inflation rates look transitory, the bank's President, Christine Lagarde, told the Frankfurt European Banking Congress.

Speaking through a video link on Friday, Lagarde stressed that the ECB's monetary policy should be kept consistent to facilitate the return of inflation to the two per cent target over the medium term when interest......

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