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ECB’s De Guindos: will do whatever it takes to bring inflation down

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The European Central Bank is prepared for a possible technical recession paired with high inflation, which must be brought down to maintain market confidence, European Central Bank Vice-President Luis de Guindos said, according to Reuters. 

“We will do whatever is necessary to bring inflation back to our 2% target over the medium term,” De Guindos said in an interview with Lithuanian weekly Verslo žinios, published on the central bank’s website on Friday.