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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Political interference in central banks risks economic harm, ECB president warns

Christine Lagarde giving a speech
Lagarde made her comments at a Hungarian central bank conference. Photograph: Kai Pfaffenbach/Reuters

Political interference in central bank policymaking could harm plans to bring down inflation, the head of the European Central Bank (ECB) has said.

In a veiled warning to Donald Trump, after the US president last week demanded the Federal Reserve “immediately” lower interest rates, the ECB president, Christine Lagarde, said meddling by politicians could lead to greater economic volatility and sharply rising prices.

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