ECB Panetta: Beyond February any unconditional guidance would depart from data-driven approach

ECB Executive Board member Fabio Panetta said in an interview, “It was reasonable to increase rates in December and signal a similar step in February.” “But beyond February any unconditional guidance – that is, guidance unrelated to the economic outlook – would depart from our data-driven approach.” “Our December decisions were based on the projections […]

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