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European Central Bank Governing Council member Pierre Wunsch told Bloomberg that an interest rate hike in April is not out of the question. He said solid evidence of a lasting, significant inflation surge linked to the Middle East conflict could prompt action.

European Central Bank Governing Council member Pierre Wunsch discusses the impact of the Middle East conflict on inflation, the euro-zone economy and future interest-rate decisions. "If by April we have solid evidence that the shock will be lasting, and will lead to a big hike in inflation that is likely to have some degree of persistence, then we might have to do something," the Belgian central bank governor tells Bloomberg. (Source: Bloomberg)