ECB Executive Council Member Cipollone: Interest rate cuts should take into account quantitative tightening
2025-02-18 17:09:37
ECB executive governing council members piero cipollone ecb interest ratesdesk3cryptocurrencydesktopCrypto News
Piero Cipollone, a member of the European Central Bank's executive board, said the ECB's interest rate decision should not ignore the tightening effect on monetary policy of unwinding past asset purchases. The Italian official told an event organised by MNI that while policy rates remained the main tool for adjusting the ECB's stance, the role of quantitative tightening in influencing financial and funding conditions - through yield curves or bank lending - should also be taken into account.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
