ECB's Panetta says must remain pragmatic and data-driven in setting policy rate ...Middle East

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ECBs Panetta says must remain pragmatic and data-driven in setting policy rate
source : forex live ( Middle East ) () 51
ECB should now focus more on inflation expectations than estimated neutral level in setting ratesAs inflation falls and rates near neutral, uncertainty becomes more of a problemFull transcript (may be gated)

Just some token remarks there by Panetta as he discusses more about the neutral rate, with the ECB supposedly gradually approaching that. As a reminder, policymakers themselves don't have a firm conviction or view of what that level is for the time being.

This article was written by Justin Low at www.forexlive.com.

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