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ECB to keep raising rates if need be
By EUobserver
The European Central Bank (ECB) is ready to keep raising interest rates to combat inflation, going beyond an expected 50-basis points rise in September if need be, the French central bank governor Francois Villeroy de Galhau said on Saturday. "Have no doubt that we at the ECB would if needed raise rates further beyond normalisation: bringing inflation back to 2% is our responsibility," he said, Reuters reports.