ECB Schnabel: ECB can continue to do whatever needed to bring inflation back to 2% target- ECB can continue to do whatever is needed to bring inflation back to 2% target in a timely manner
- has a clear mandate of price stability
- financial stability is a precondition for price stability and vice versa
- ECB has the tools to provide liquidity to euro area financial system
This article was written by Greg Michalowski at www.forexlive.com.
Source: ECB Schnabel: ECB can continue to do whatever needed to bring inflation back to 2% target (https://www.forexlive.com/news/ecb-schnabel-ecb-can-continue-to-do-whatever-needed-to-bring-inflation-back-to-2-target-20230519/)
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