ECB’s Centeno: Large part of rate hikes should have been done

European Central Bank (ECB) policymaker Mario Centeno said on Thursday, the central bank has “already made a large part of the necessary rate hikes to contain inflation in the Eurozone.”

Additional comments

A good part of the rate increases should already have been done.

Inflation in the Eurozone should reach its peak this quarter.

Keeping high inflation would have an even greater recessionary cost.

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