Garganas says ECB may aggressively raise rates

European Central Bank council member Nicholas Garganas said in an interview the bank is ready to accelerate the pace of interest-rate increases to counter higher inflation risks in the eurozone.

``Should the need be for a more aggressive interest-rate adjustment, there is nothing to stop us from taking that decision,'' Garganas said Monday in an interview with Bloomberg in Basel, Switzerland. ``I would not rule out a higher adjustment to rates than 25 basis points,'' nor quickening the pace of

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