By © Reuters. FILE PHOTO: European Central Bank (ECB) governing council member Mario Centeno speaks during an interview with Reuters, in Lisbon, Portugal, March 15, 2021. REUTERS/Pedro Nunes
FRANKFURT (Reuters) – The European Central Bank should keep a steady hand rather than tighten its policy in the face of external shocks like scarce supply and the green transition, ECB policymaker Mario Centeno said in an article published on Wednesday.
“There are strong reasons for keeping a steady-hand,” Centeno, who is also Portugal’s central banker, said in the Eurofi magazine.
“Embarking in a generalized restrictive loop, when we face exogenous shocks, will not help the economy overcome these challenges,” he added.
ECB should keep steady hand in face of shocks
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
