“The Longer, longer, or stricter containment measures will likely require more monetary and fiscal adjustments in the short term“The European Central Bank (ECB) policymaker and governor of the Austrian National Bank said on Wednesday, Robert Holzmann.
“The absence of containment measures would likely push fiscal and monetary policy even closer to the limits,” Holzmann added. “The ECB must be prepared to navigate uncharted waters to deal with climate-related risks.”
Credits: Forex Street
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