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Central Banks

ECB’s Guindos Urges ‘Determined Action’ in Inflation Fight

  • Vice president says demand contributing to price pressures
  • Ireland’s Makhlouf deems raising rates ‘absolutely necessary’
Luis de Guindos

Luis de Guindos

Photographer: Valeria Mongelli/Bloomberg
Updated on

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European Central Bank Vice President Luis de Guindos urged “determined action” to combat record inflation, maintaining officials’ calls for further increases in interest rates after last week’s historic hike.