ECB officials consider tightening policy
The article discusses the European Central Bank's policy on the need to keep or raise interest rates to reduce inflation to 2%, with inflation remaining close to 3% and strong economic growth, increasing expectations of higher costs in the coming weeks. Members agreed to keep the current interest rate at 2.25%, despite discussions about the necessity of raising it beyond the neutral range, amidst warnings that inflation is primarily driven by energy supply disruptions rather than aggregate demand. The meeting focused on balancing the need for monetary tightening to avoid harming economic activity.
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