High oil price threaten growth: Belgium's Quaden

Belgian National Bank governor Guy Quaden said in an interview that high oil prices pose a risk to inflation and growth, and the European Central Bank must prevent high fuel costs spilling over into general price rises and causing an "inflation spiral".

"The oil price is a risk for growth and for inflation developments," Quaden told the Frankfurter Allgemeine Zeitung in an interview.

Quaden told the German daily that the best central bankers in the world cannot prevent high oil prices pushing up

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