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Spend more if you want ECB to raise rates, Draghi tells governments

FILE PHOTO: Mario Draghi, President of the European Central Bank (ECB) holds a news conference
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MILAN (Reuters) - Euro zone governments can help the European Central Bank raise interest rates sooner if they loosen their own purse strings to support the economy, ECB President Mario Draghi said on Friday."A more active fiscal policy in the euro area would thus make it possible to adjust our policies more quickly, which we are well aware are having adverse effects on certain sectors of society..
Date Published: Oct 11, 2019
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