Garganas says ECB must be ready to act decisively

Favorable inflation trends appear to be waning in the eurozone economy which is enjoying another year of strong growth, and the European Central Bank must act decisively if price risks threaten, Governing Council member Nicholas Garganas said in an interview published Wednesday 4 April.

In an interview with Reuters, Garganas declined to say whether this means the ECB needs to raise interest rates a further 50 basis points to 4.25 percent.

But he made clear he was not content with interest rates

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