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ECB's Bini-Smaghi Says Bank Should Focus on Fighting Inflation |
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European Economy |
Written by CEP News |
Aug 28 08 18:17 GMT |
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CEP News) - European Central Bank Executive Board member Lorenzo Bini Smaghi said the central bank must put the focus on limiting inflation, which is at 4%.
Bini Smaghi, speaking at a round table discussion in Cortina, Italy, said current interest rates are not "so restrictive," adding that inflation is hurting economic growth. By Steve Stecyk,
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, edited by Sarah Sussman,
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