The European Central Bank should return to a more forward-looking approach in setting monetary policy and provide more guidance on future moves now that post-pandemic shocks are abating and inflation normalising,

The European Central Bank should cut interest rates far enough to ensure they are no longer constraining economic growth, Governing Council member Fabio Panetta said.

We need a change of gear. He has no doubts Fabio Panettagovernor of the Bank of Italy as well as member of the executive of ECB. Speaking at Bocconi University in Milan, the expert called ... Read mor

ECB policymaker Fabio Panetta said on Tuesday the European Central Bank should cut interest rates so they no longer curb economic growth, or so they even stimulate it, and give more guidance now that post-pandemic shocks are abating and inflation is normalising.

The European Central Bank must continue to lower borrowing costs to keep inflation from undershooting, according to Governing Council member Fabio Panetta.