(Bloomberg) -- European Central Bank council member
Nicholas Garganas said interest rates will need to rise further as
stronger economic growth than the bank predicted threatens to fan
inflation.
``Based on my assessment of the current information
available, I would expect that a further withdrawal of monetary
accommodation would be warranted,'' Garganas, who also heads the
Greek central bank, said in an interview in Athens yesterday.
``Risks to inflation have increased.''
Read more at Bloomberg Currencies News
Nicholas Garganas said interest rates will need to rise further as
stronger economic growth than the bank predicted threatens to fan
inflation.
``Based on my assessment of the current information
available, I would expect that a further withdrawal of monetary
accommodation would be warranted,'' Garganas, who also heads the
Greek central bank, said in an interview in Athens yesterday.
``Risks to inflation have increased.''
Read more at Bloomberg Currencies News
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