EU's Almunia calls for respect of ECB independence

EU economic and monetary affairs commissioner Joaquin Almunia on Thursday 17 November called on the European Commission and member states to respect the independence of the European Central Bank.

Asked at a press conference to comment on the likely impact of stubbornly high inflation on interest rates, Almunia said: "It is up to the ECB to consider decisions on monetary policy."

The ECB's independence "is a huge asset that has provided us (with) price stability and low interest rates", he added

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