ECB’s Panetta advocates for prompt and gradual policy adjustments

ECB Governing Council member Fabio Panetta suggested today that even multiple rate cuts would leave ECB’s monetary policy in a tight stance. Panetta emphasized the importance of managing these adjustments carefully to avoid macroeconomic instability, stating, “When defining the path of policy rate cuts, it should be borne in mind that prompt and gradual action […]

The post ECB’s Panetta advocates for prompt and gradual policy adjustments appeared first on Action Forex.