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ECB's Cipollone: We can and should reduce the level of monetary policy restriction

Started by forex4you, Nov 17, 2024, 05:08 am

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ECB's Cipollone: We can and should reduce the level of monetary policy restriction

  • The pace and extent of reduction will depend on data
  • Developments remain consistent with a consumption-led recovery
  • Whether the recovery will firm up remains to be confirmed
  • We should not be more restrictive than what is necessary to ensure timely convergence of inflation to target
  • It could be self-defeating to tolerate an economy running persistently below potential as an insurance against possible future inflationary shocks


                This article was written by Adam Button at www.forexlive.com.

Source: ECB's Cipollone: We can and should reduce the level of monetary policy restriction

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