(Bloomberg) — The European Central Bank must keeping interest rates restrictive for as long as is necessary to return inflation to target, according to Governing Council member Gediminas Simkus.
(Bloomberg) — The European Central Bank must keeping interest rates restrictive for as long as is necessary to return inflation to target, according to Governing Council member Gediminas Simkus.
- The inflation shock is not over and still faces many lines of resistance, Simkus says at a conference organized by the Lithuanian central bank
- READ MORE: Guindos Says Current ECB Rate to Help Reach Inflation Target
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