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

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 Source