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ICYMI - ECB Council Member Urges Prudent Monetary Policy Approach ...Middle East
Ireland's central bank governor and hence European Central Bank (ECB) Governing Council member Gabriel Makhlouf spoke on Friday, ICYMI. He emphasized the importance of a careful assessment and maintaining a measured pace of monetary policy easing, suggesting that with the end goal in sight, there’s no need to rush. “It is important to assess conditions carefully and pace yourself.”“And with the finish line in sight, we don’t need to rush to it. In my view, a prudent and cautious approach remains the right one.”On inflation:mentioned that a 3% increase in service prices aligns more closely with the ECB’s 2% target for overall inflation (in October, service prices rose by 3.9% y/y)***The back
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