Bank of Spain governor and European Central Bank Governing Council member Pablo Hernández de Cos speaking in Madris, crossing the news wires:
- The European Central Bank must avoid both insufficient and excessive tightening.
-
If rates are kept at 4% long enough, we should reach our 2% goal.
- Governments must roll back their energy support measures – and if new measures on energy are need they should be targeted
- We need
structural reforms to strengthen the supply side
- Fiscal policy for 2024 should tend toward restrictive
![ECB's de Cos](https://images.forexlive.com/images/ECB%27s%20de%20Cos_id_c5b92f2f-7dac-4cf8-a043-44f6365242cb_original.jpg)
ECB’s de Cos
more to come
This article was written by Eamonn Sheridan at www.forexlive.com. Source