France's Breton says sharp ECB hikes not needed

France's Finance Minister Thierry Breton said in an interview there is no need for the European Central Bank to continue raising interest rates much above the current 3.0 pct level.

In the interview with financial daily La Tribune, Breton also said that inflation is contained in France, and is even beginning to decline.

"The markets do not anticipate a sharp increase in rates over the coming months, very simply because it is not necessary," Breton said.

"In this context, we remain very vigilan

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