ECB’s Latest Hike Won’t Help Economy, Italy’s Industry Minister Says

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The European Central Bank’s latest interest-rate hike won’t support the euro-area economy, one of the members of Italian premier Giorgia Meloni’s cabinet told AnsaBloomberg Terminal newswire.

“This new decision — taken I believe by a majority and therefore opposed by some — will not, I believe, help the economic recovery of Europe,” Industry and Made-in-Italy Minister Adolfo Urso was cited as saying.

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