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ECB: Members concurred there was ample evidence of strong policy transmission

ECB: Members concurred there was ample evidence of strong policy transmission
Members concurred that there was ample evidence that policy tightening was being transmitted strongly to broader financing conditions, including bank lending rates and money and credit flowsIt was felt, however, that, on the one hand, the decline in economic activity was less significant than could have been expected in reaction to the substantial monetary policy tightening over the past few monthsMembers agreed that tightening the monetary policy stance by further increasing interest rates was... Read More
Posted: Aug 31 2023, 11:36
Author Name: forexlive
Views: 102218

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