ECB Panetta: Policy debate to shift from ‘how high?’ to ‘how long?’

In an interview with Le Monde, ECB Executive Board Fabio Panetta noted, “Given the extraordinary level of economic uncertainty, estimating the terminal rate is challenging.” “I don’t think this is the time to be too hasty in raising rates, given the considerable ground we have already covered.” He added “my intuition suggests that we have […]

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