- ECB's Governing Council member de Cos: ECB must maintain sizeable monetary stimulus
Market news
3 March 2021
ECB's Governing Council member de Cos: ECB must maintain sizeable monetary stimulus
- We must avoid premature rise in nominal rates
- Drop in real rates would make greater contribution to recovery given low inflation expectations
- Long-term interest rates developments must also be analysed alongside developments in rest of yield curve
- ECB stands ready to adjust all instruments as needed
- Eurozone is "long way" from inflation target
- ECB must continue to monitor FX developments even as upward euro pressure has eased
- ECB should set new inflation target at 2% with symmetry
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