"European Central Bank": upward risks for inflation and downward risks for economic growth
Amman1 min read
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The European Central Bank announced today, Thursday, that "the outlook for the euro area economy remains highly uncertain, with upward risks to inflation and downward risks to economic growth"
The bank explained in its economic bulletin, which was reported by the Italian news agency (AKI), that "the conflict in the Middle East continues to exert pressure on inflation, which is expected to remain well above its target for a long period"
In this context, the European Central Bank confirmed that "the decision announced on September 10 to raise interest rates reflects the Governing Council's commitment to setting monetary policy to ensure inflation stability at its medium-term target of 2 percent"
