The European Central Bank is expected to tighten monetary policy at a steady pace, bank member Peter Kazimir said on Tuesday, following remarks made the day before, arguing for a strong response in the next six months.
“The answer is a steady pace,” Kazimir said when asked about the potential size of rate hikes at a news conference by the Slovak central bank, which he is chairing.
“The question today isn’t really whether we should go into the restrictive range, i.e. whether we should go above 2%. The question is how far we should go and how long we should stay at higher levels.”
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Source: Terra
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
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