Spain’s Calvino Says ECB Is Probably Done Hiking Interest Rates
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The European Central Bank is probably done with monetary tightening, according to Spain’s Economy Minister Nadia Calvino.
“We will surely be paying great attention to the explanations of the ECB on their recent decision from yesterday, which apparently — and I suppose they will confirm — is probably putting an end to the very fast interest-rate increase that we have lived in the last 12 months,” she told reporters in Santiago de Compostela, where she’s hosting a meeting of European Union finance and central bank chiefs.