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Lagarde: Excessive Government Energy Support Would Force ECB to Further Raise Interest Rates
European Central Bank President Christine Lagarde said on Monday that if governments provide excessive support to households facing higher energy costs, the European Central Bank w...
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European Central Bank President Christine Lagarde said on Monday that if governments provide excessive support to households facing higher energy costs, the European Central Bank would have to raise its key interest rates more than previously anticipated.

Lagarde noted that due to the conflict in the Middle East, the range of possible outcomes for the euro area economy is now wider than it was after Russia's invasion of Ukraine in 2022.

Related NewsReport: Bezos-Founded AI Startup Project Prometheus Nears USD10B Funding Round
As energy prices rose following attacks by the United States and Israel on Iran, the euro areas annual inflation rate increased from 1.9% in February to 2.6% in March.

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Related NewsRetail Sales MoM for Mar in the United States is 1.7%, higher than the previous value of 0.6%. The forecast was 1.4%.
This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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