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  • ECB’s Panetta: Continued Monetary Stimulus Necessary

Added at 5:29am

  • Panetta: Patient monetary policy amid a rocky recovery

    From ecb.europa.eu

    The long and rocky road out of the pandemic is creating challenges for monetary policy. Following years of too-low inflation and policy oriented at addressing deflationary risks, we are now in an environment of two-way inflation risks and heightened short-term volatility (Chart 1). Markets are indicating increasing uncertainty about the inflation outlook, and investors’ expectations of lift-off dates have become more dispersed. In this environment, central banks must clarify their reaction function, so that market expectations remain aligned with their policy intentions. This, in turn, requires a clear framework ... (full story)

What a shocker.
It no longer is about what CB policy will be, that is quite known.
What it will be about is whether there is any effect on Real world with continued policy implementation.
Institutional policy failure is core scenario as time advances.
Leads this person to embrace safe haven assets.
Then EUR will still head down
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  • Posted: Nov 24, 2021 5:14am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 3  /  Views: 671
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