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ECB rate-setters worried weak euro would fuel higher inflation

ECB rate-setters worried weak euro would fuel higher inflation

European Central Bank rate-setters expressed mounting concern that the weak euro would feed higher inflation when they decided last month to raise interest rates for the first time in more than a decade, minutes published on Thursday from their meeting revealed.

Concerns about soaring inflation, which some feared might not be tamed even if the energy supply crisis intensified, appeared to outweigh worries about a weakening growth…


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