Lagarde, financial tightening would now slow recovery

ROME, 03 NOV – “A tightening of financial conditions is not desirable now that purchasing power is already compressed by energy and fuel increases, and would represent an unnecessary brake on recovery”. This was stated by Christine Lagarde, president of the ECB, sending a signal against the rise in market rates during a speech for the 175th anniversary of the Bank of Portugal. (HANDLE).

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