Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says

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FRANKFURT, Germany -- The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation. Still, she sympathized with homeowners who have seen their mortgage payments jump. Christine Lagarde…

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