- ECB's Governing Council member Centeno: ECB must be careful when deciding to remove support as insolvencies and unemployment tend to increase in final stages of economic recovery - Reuters
Market news
13 July 2021
ECB's Governing Council member Centeno: ECB must be careful when deciding to remove support as insolvencies and unemployment tend to increase in final stages of economic recovery - Reuters
- Short-term uncertainty remains but recovery is not at stake
- We must be patient and tolerant with deviations that we would not tolerate previously
- Risk of losing credibility if ECB's new guidance does not show more leeway on inflation
- There is no inflation overshooting logic in the strategy
- Increase in eurozone inflation is eminently temporary
- More room for manoeuvre on monetary policy than previously
- ECB has not changed its mandate, in which priority is price stability. It isn’t a dual mandate like that of the U.S. Federal Reserve - growth and price stability
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