- ECB's Governing Council member Stournaras: Investors shouldn’t expect premature interest-rate increases from ECB as it plots its exit from pandemic stimulus, - Bloomberg TV
Market news
7 October 2021
ECB's Governing Council member Stournaras: Investors shouldn’t expect premature interest-rate increases from ECB as it plots its exit from pandemic stimulus, - Bloomberg TV
- Bets that ECB’s first hike will happen around mid-2023 “are not in accordance with our forward guidance”
- ECB will try to avoid any disruption after the end of its EUR 1.85 trillion emergency debt-buying program
- Asset purchases aim at favorable financing conditions, at smooth transition of monetary policy to prevent any kind of fragmentation in jurisdictions in euro area; I’m sure that Governing Council will continue to aim at this
- ECB will review policy alternatives in December
- Inflation forecasts are lower for eurozone than in U.S. and in UK; it’s natural that we’re in different phase of monetary policy
- I will not rush to say that we have stagflation now
- ECB's forecasts point to inflation slowdown to below its 2% target next year
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