ECB's Panetta, a member of the European Central Bank, stated that tight policy is leading to rapid disinflation. He mentioned that conditions for policy loosening are approaching, with risks to price stability decreasing. Panetta sees the time to cut nearing due to the rapid drop in inflation.
ECB’s Panetta Sees Time to Cut Nearing on ‘Rapid’ Inflation Drop https://t.co/rEs4eMTJvv
ECB’s Panetta Sees Time to Cut Nearing on ‘Rapid’ Inflation Drop https://t.co/r60BZg2RgK
ECB'S PANETTA SAYS CONDITIONS FOR POLICY LOOSENING ARE NEARING || SAYS RISKS TO PRICE STABILITY HAVE FALLEN || SAYS TIGHT POLICY CONTRIBUTING TO RAPID DISINFLATION
🔴 ECB'S PANETTA: TIGHT POLICY IS CONTRIBUTING TO RAPID DISINFLATION.
🔴 ECB'S PANETTA: CONDITIONS FOR POLICY LOOSENING ARE NEARING.
🔴 ECB'S PANETTA: INFLATION DECLINE ALLOWS FOR A POSSIBLE CUT IN RATES.