ECB’s Panetta: Must manage risks beyond baseline scenarios

Speaking today, ECB Governing Council member Fabio Panetta noted that the current macroeconomic conditions support “normalization of the monetary stance.” He added that ECB initiated this process recently and, under the “baseline scenario,” intends to continue it “gradually and smoothly.” However, Panetta cautioned that the inflation and growth projections represent only one of many possible […]

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