ECB's Escriva says no pre-established future path for rates of interest, “assembly to assembly”

Member of the European Central Financial institution Governing Council (the financial coverage setting board on the Financial institution) and Financial institution of Spain governor Jose Luis Escriva spoke in an interview revealed Sunday by Spanish newspaper La Vanguardia.

He urged warning on setting coverage, warning of present “extraordinary uncertainty”:

• “It’s very troublesome to gauge the influence of occasions which can be unfolding,”
• “It’s advisable to be cautious, particularly from the standpoint of financial coverage; watch for doubts round sure points to be cleared, see how the totally different geopolitical dynamics are resolved.”
• ECB is approaching issues “assembly to assembly”
• There isn’t a pre-established future path for rates of interest
• European demand nonetheless exhibiting some clear indicators of weak spot

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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