ECB to reverse course on growth, inflation

The Brussels Times

Belgium, (Brussels Morning Newspaper) European Central Bank (ECB) President Christine Lagarde stressed the importance of reversing course on growth and inflation on Wednesday.

She noted that the bank has to tighten its monetary policy and prioritise reining in inflation over supporting economic growth, according to Reuters reporting.

“We have to return inflation to 2% in the medium term, and we will do what we have to do, which is to continue hiking interest rates in the next several meetings,” she stated at a conference on Wednesday.

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