Central Banks
ECB’s Makhlouf Says Raising Rates Is ‘Absolutely Necessary’
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It’s “absolutely necessary” for the European Central Bank to raise interest rates, Governing Council member Gabriel Makhlouf said.
“A pivot to further tighten monetary policy has been necessary, as history has taught us that these issues will only be exacerbated if we delay action,” Makhlouf said Thursday, according to the text of a speech he gave in Dublin.