Author: Francesco Canepa
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Inflation fighting central bankers air climate role doubts
By Francesco Canepa and Lindsay Dunsmuir STOCKHOLM (Reuters) -Some of the world’s top central bankers aired concerns about being expected to tackle climate change as well as tame inflation on Tuesday, with Federal Reserve chief Jerome Powell saying the U.S. central bank needed to stay out of politics. “We should ‘stick to our knitting’ and…
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ECB promises more rate hikes after unprecedented increase
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and promised further hikes, prioritising the fight against inflation even as the bloc is likely heading towards a winter recession and gas rationing. With inflation at a half-century high…