ECB's Issing says ECB mandate won't change

Moves by certain eurozone governments to alter the European Central Bank's mandate so that the bank focuses more on growth and less on inflation are doomed to fail, says the ECB's chief economist Otmar Issing in a newspaper interview published Monday.

"Given the environment of weak growth, high unemployment and political problems, it is no surprise that such comments would be made.

"But the current legal and institutional conditions mean that such attempts will fail," Issing told the busines

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 indvidual account here: