ECB’S PANETTA: STILL A LONG WAY FROM THE NEUTRAL RATE
European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday that the central bank is “still a long way from the neutral rate.”
Additional comments
If domestic demand remains weak, inflation could fall well below 2%.
The ECB should move to neutral monetary policy stance, or even expansionary if necessary.
Eurozone economic activity remains weak, no turning point in sight for beleaguered manufacturing sector.
The tightening bias in our official description of the monetary stance is no longer necessary.
The ECB should return to more traditional, forward looking approach to monetary policy.
Directional guidance from the ECB would help consumption and investment.
The ECB needs to give more explicit indications of its rate policy intentions.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.