Garganas says eurozone inflation risks increased

Greek central bank governor Nicholas Garganas said on Friday 17 February that since December's hike in eurozone interest rates, inflation pressures have increased, partly due to rising oil prices.

The European Central Bank has said it is keeping a close watch on inflation, increasing speculation that it will raise rates at its next meeting in March.

The ECB raised its refinancing rate for the first time in five years in December to 2.25 percent. Analysts have said they may lift it to 2.50 perce

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