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ECB’s Cipollone: Policy rates remain primary instrument for adjusting the monetary policy

ECBs Cipollone:

  • Policy rates remain our primary instrument for adjusting the monetary policy stance
  • We should also consider the role played by quantitative tightening in influencing overall financial and financing conditions.
  • We should ensure that our rate decisions adequately compensate for the tightening induced by the reduction of our balance sheet.

This article was written by Greg Michalowski at www.forexlive.com.

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