ROME, March 16 (Reuters) - Italy's co-ruling League
party on Thursday said a European Central Bank decision to raise
interest rates was "detached from the real economy", adding that
the recent hikes were weighing on the banking system.
"We hope nobody in Frankfurt is thinking of artificially
provoking a recession in order to fight inflation with poverty,"
the right-wing party said in a statement.
The European Central Bank raised interest rates as promised
by 50 basis points on Thursday, sticking with its fight against
inflation and facing down calls by some investors to hold back
on policy tightening until turmoil in the banking sector eases.
(Reporting by Angelo Amante; Editing by Crispian Balmer)
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