Tight monetary policy weighs on euro area economy: ECB chief

NAMPA / Xinhua

2024-09-30

BRUSSELS, Sept. 30 (Xinhua) -- The monetary policy tightening by the European Central Bank (ECB) played a part in dragging on the economy in the euro area that broadly stagnated since late 2022, the ECB president said on Monday. Christine Lagarde made the remarks in a speech at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament here on Monday. On top of the tight monetary policy the central bank adopted......

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