(ANSA) – ROME, JULY 07 – During the meeting of the ECB on June 9, some board members expressed “different opinions on the need and interpretation of gradualness” in the rate hike, because “it could be misleading” if interpreted as “too slow or too rigid a pace of adjustment” in the stance of monetary policy.
In particular, for some it is necessary to avoid that gradualness precludes “increases in interest rates of more than 25 basis points”. This is what is read in the reports of the meeting of 8-9 June published by the ECB.
More generally, “The risks related to the pandemic have decreased but the war continues to be a significant downside risk for growth. In particular, a major risk would be a further disruption in energy supplies to the euro zone,” said the chief economist of the ECB, Philip Lane, during the board meeting on 9 June. (HANDLE).
Source: Ansa
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