Central Banks

ECB’s De Cos says must avoid both insufficient and excessive tightening

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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
ECB’s de Cos

more to come

This article was written by Eamonn Sheridan at www.forexlive.com. Source