ECB's Panetta: Monetary policy approach in coming months must remain flexible, pragmatic ...Middle East

ECB in a good position to carefully consider upcoming steps.If downside growth risks strengthen disinflationary process, ECB should keep easing monetary policy.Potential reduction in the global importance of US markets could create chances for others, including Europe. Europe can benefit from reallocation of global portfolios but it must act.

Panetta is a dove so it's not surprising him to place more focus on growth than inflation.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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