He also said that “I believe that (monetary policy) adjustments are possible, but the most recent evolution of the economy should induce us to exercise one of the main characteristics of central banks, which is the prudence“.
In the face of record inflation, the ECB began raising interest rates in July and further increases are expected later this year, while the entity seeks to prevent the increase in prices from consolidating. Policy makers are focused on rate hikes and see reinvestments as a secondary issue.
“I think interest rates are our main target right now”said a source and expanded: “A rate decision coupled with reinvestments may be too much for the markets and there is no point in taking that risk right now.”
Source: Ambito
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