ECB’s Donnery casts doubt over mooted competitiveness mandate
Secondary objective would ‘muddy the waters’ about bank’s role as supervisor, board member says
A secondary mandate on competitiveness would not suit the European Central Bank, given its role as a supervisor but not a regulator, a senior official at the institution has said.
Speaking today (March 5) on a panel at the Institute of International Finance European Summit in Brussels, Sharon Donnery was asked whether she would like the ECB to have a secondary mandate focused on boosting growth and competitiveness, in addition to its primary mandate of ensuring price stability.
“I would have
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