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Reuters
ECB policymakers debate ‘restrictive’ policy despite recession risk
Policymakers said on Friday the European Central Bank must push for rate hikes to curb inflation and should even push borrowing costs to a level that limits economic activity, despite recession risk increases. Starting slowly initially then accelerating in recent months, the ECB removed its full-year support policy and raised interest rates by a total of 125 basis points in the past two meetings, the pace of policy tightening. fastest recorded. “We are not going to stop at neutral rates, we need to keep going,” Peter Kazimir, head of Slovakia’s central bank, told Reuters.