The member of the Executive Board of the European Central Bank (ECB), Fabio Panetta, has conducted an interview with the Portuguese newspaper Expresso in which he stated that ‘we should expect the Governing Council to reassess the macroeconomic outlook and also that have your measurements recalibrated accordingly‘.
Featured statements:
The inflation outlook has clearly deteriorated.
It is clear that our encouragement so far has not been enough.
In spring, we react quickly and we should do it again.
There is a need to remove doubts about our determination to preserve price stability.
We have firepower we have instruments that we can calibrate.
Earlier today, Panetta had assured that “there should be no doubt about the central bank’s inflation commitment.”
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