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ECB Inflation Control 'Limited'

Thursday, 31 Mar 2011 | 5:00 AM ET

HSBC Chief Global Economist, Stephen King told CNBC the ECB's power to control euro zone inflation is limited due to a rise in worldwide commodity prices. "There's a limit to what the ECB can do to influence those commodity price increases," he said, warning that a rate rise together with commodity costs could affect spending power.