Euro zone core inflation stubborn but ECB policy starting to work: Knot

Euro zone core inflation stubborn but ECB policy starting to work: Knot

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Underlying price pressures in the euro zone may prove more difficult to tame but monetary policy is showing signs of effectiveness and further rate hikes must be done step by step, Dutch central bank chief Klaas Knot said on Tuesday. The ECB has raised rates by a combined 375 basis points over the…

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