ECONOMIC BULLETIN: ECB TO ENSURE RATES BE SET AT SUFFICIENTLY RESTRICTIVE LEVELS FOR AS LONG AS NECESSARY
“The Governing Council’s future decisions will ensure that its policy rates will be set at sufficiently restrictive levels for as long as necessary,” the European Central Bank’s (ECB) Economic Bulletin showed on Thursday.
Additional takeaways
The Governing Council will continue to follow a data-dependent approach to determining the appropriate level and duration of restriction.
The incoming information broadly confirmed its previous assessment of the medium-term inflation outlook.
The euro area economy is likely to have stagnated in the final quarter of 2023.
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.