Fabius backs ECB independence on monetary policy

FRANCE - The European Central Bank must and does set monetary policy independently, French Finance Minister Laurent Fabius said on 20 May, adding that he believed the bank was not indifferent to the downturn in global economic growth.

"It has to be said, it is essential that the central bank is independent. You cannot have a bank that responds to the calls of X, Y or Z," Fabius said in a television interview.

"The ECB, in total independence, takes the decisions it has to take to ensure the fight

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