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Some council members remained cautious and warned against higher borrowing costs for fear of recession (Photo: ECB/Flickr)

EU central bankers divided on interest rates, amid rising prices

With inflation driving up the cost of living across the continent, governing council members of the European Central Bank (ECB) in a series of speeches and interviews this week broadcasted their disagreement on what may be one of the most consequential monetary decisions facing the eurozone economy this year: the question of interest rates.

To battle inflation, influential executive council member Francois Villeroy de Galhau

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Some council members remained cautious and warned against higher borrowing costs for fear of recession (Photo: ECB/Flickr)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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