ReutersIn an interview with Portugal's broadcaster RTP he said that the ECB "must be cautious so that the impact of rising interest rates on the economy do not exceed the minimum necessary to control prices."
"We are reaching the time when monetary policy can pause, we are very close," he said. "Not overreacting is a huge concern for every central bank."
ECB President Christine Lagarde on Wednesday cemented expectations for a ninth consecutive rise in euro zone rates in July.
The ECB has raised rates at each meeting over the past year, taking its deposit rate to 3.5%, and promised more tightening as it attempts to curb inflation still running at three times its 2% target
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Tax on Overseas Credit Card Spends Held BackOverseas credit card spending will not face tax collected at source (TCS) as it will not be counted under the Liberalised Remittance Scheme (LRS), the finance ministry said on Wednesday. Overseas transfers up to ₹7 lakh under the scheme will also not face TCS.
Sebi Board OKs Stricter Disclosure Rules for FPIsThe board of the Securities and Exchange Board of India on Wednesday approved tighter disclosure rules for foreign portfolio investors (FPIs), to curb misuse of overseas investment routes and prevent violation of public shareholding regulations.
GQG Partners, Others Invest $1b in Two Adani CosAdani Group on Wednesday sold shares in listed companies Adani Enterprises and Adani Green Energy in an open market transaction to raise ₹8,372 crore ($1 billion).
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