ECB Panetta: Policy calibration must avoid tripping over unintended effects

ECB Executive Board member Fabio Panetta said in a speech, “at present, the direction of monetary policy is clear”. And, a “further policy adjustment is warranted in order to keep inflation expectations anchored and stave off second-round effects.” However, “the calibration of our stance should not rely on a one-sided view of risks − especially […]

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