Italian Foreign Minister and Deputy
Premier Antonio Tajani on Saturday called on the European
Central Bank to rethink its policy of hiking up interest rates
to combat high levels of inflation.
"You shouldn't combat exogenous inflation by continuing to raise
interest rates because growth will then end up paying the
price," Tajani, the national coordinator of ex-premier Silvio
Berlusconi's Forza Italia party, said at the Feuromed festival
in Naples.
"The way to beat inflation in Italy and Europe is by putting a
cap on gas.
"I'd advise more prudence from the ECB, as many representatives
of that independent institution have, because this also has an
impact on the Mediterranean, where businesses have to be put in
a condition to be able to complete".
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