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The ECB could adjust political operations more gradually

The European Central Bank (ECB) could adjust its monetary policy operations more gradually in line with sustainability considerations, it said on Monday. Isabel Schnabel, a member of the Executive Council of the ECB, according to Reuters.

Featured statements

“Seems appropriate to replace the principle of market neutrality with a principle of efficiency From the market.”

“An inclination of the ECB purchases could, in principle, reduce potential misappropriation errors.”

“Tilt strategies could be done at the sector, company, or bond level.”

Market reaction

The EUR / USD pair rose modestly after these comments and was last seen gaining 0.18% on the day at 1.2128.

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