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>HONG KONG - THE chief executive of Europe's biggest lender on Tuesday called on central bankers to raise interest rates in order to combat inflation.
Michael Geoghegan, group chief executive at London-based HSBC Holdings, said central banks were not yet committed to taming inflation, and predicted US interest rates would rise after the US presidential election in November.
'Inflation is a long-term problem because there is no long-term will to solve it,' Mr Geoghegan said during a speech organised by the Asia Society in Hong Kong. -- REUTERS
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