The case for raising rates faster

In evaluating the stance and the prospects of the ECB's monetary policy, two aspects above all have to be held in mind. First, the ECB's mandate puts the objective of aiming at price stability first and all other goals second. Second, we should always bear in mind the time horizon of monetary policy: since monetary policy transmits to consumer prices with a lag of one to two years it is important for policymakers to give priority to the medium-to long-term perspective over short-run

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: