ECB open to raising rates past July, account shows

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The European Central Bank may need to continue raising interest rates beyond this month to bring inflation back to target, ECB policymakers said at their last meeting. The ECB raised its interest rates to their highest level in 22 years at the June 14-15 meeting and said a ninth consecutive rate hike was all but guaranteed in July as it predicted inflation would stay above its 2% target through the end of 2025. An account of the June meeting published by the ECB on Thursday showed rate increases might continue at the central bank's following gathering in September.