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IMAD: ECB Rate Rise Reflects Fear of Overheating

Ljubljana, 6 June - A senior member of the Institute for Macroeconomic Analysis and Development (IMAD), a government think-tank, believes that the European Central Bank's decision to raise the benchmark interest rate is designed to prevent the economy from overheating. Inflation cannot be the reason, as it is stable, Bostjan Vasle said on Wednesday.

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