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ECB'S PANETTA: ECB WILL PURSUE NORMALIZATION GRADUALLY AND SMOOTHLY

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European Central Bank (ECB) executive board member Fabio Panetta said on Wednesday that the current economic environment in the Eurozone is consistent with a normalization of the monetary stance, per Reuters.

Panetta noted that the ECB will pursue a gradual and smooth normalization, while avoiding even a 'casual forward guidance' on the timing of rate moves



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