With prices surging across Europe, the European Central Bank (ECB) has come under pressure to act more aggressively to contain inflation.
Speaking to Reuters on Monday (25 April), nine ECB policymakers broke rank and anonymously criticised the bank's management for underestimating inflation and not raising rates sooner.
Energy and fuel costs have pushed inflation in Europe up to 7.5 percent, which has already slowed growth in Europe and has prompted people in some countries to Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.To read this story, log in or subscribe