Garganas says ECB may hike inflation forecast

"The oil price increases in recent weeks imply some upward revision to the main scenario for inflation," said Garganas, who is also the governor of the Bank of Greece, in an interview in Athens with Bloomberg.

"The longer these high oil prices last, the higher the risks are to inflation in particular."

``One shouldn't really expect too much from monetary policy as far as its contribution to growth is concerned,'' said Garganas, 68. The bank has kept its benchmark interest rate at a six-decade low

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