| From RTTNews: The European currency edged higher on Thursday in early trading after the European Central Bank policymaker Lorenzo Bini Smaghi said that the monetary stance should be gradually adjusted through a progressive increase in the interest rate as the economy gradually starts to grow above potential.
The ECB executive board member also warned of the risks of providing unlimited liquidity to banks over an extended period of time. He added that the expected increase in imported goods inflation cannot be ignored..............................................Full Article: Source
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