Italian and Portuguese leaders criticise ECB policy
Right-wing Meloni and centre-left Costa both sound warning notes on rates
Several eurozone governments criticised the European Central Bank’s tighter monetary policy this week.
Italy’s right-wing prime minister, Giorgia Meloni, a long-term ECB critic, renewed her attacks on its policy recently. Portugal’s left-of-centre prime minister, António Costa, also said he expected the ECB to adopt a more accommodative approach after the summer.
Whilst the uptick in core inflation does not mean that the disinflationary process has stopped, it will embolden the ECB to
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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Ukraine cuts rates as inflation falls
Central bank is positive over foreign aid but says economic damage from war could worsen
Turkey keeps interest rates flat
Central bank says monetary policy may tighten if inflation worsens
BoJ keeps policy unchanged as yen weakens
Policymakers raise inflation forecasts, saying “virtuous wage-price cycle” is strengthening
Fed policy has more effect during US recessions, ECB paper finds
Researchers use non-linear methods to examine effects of FOMC shocks
Food prices remain a risk to disinflation – RBI research
Extreme weather events may also pose risks in the near term
Hungary cuts rates by 50 basis points
Outlook could be impacted by government’s proposed fuel subsidies
Bank Indonesia unexpectedly raises rates to support rupiah
Rate hike comes on top of central bank’s continued FX intervention amid a strong dollar
UK rate cuts must wait, says BoE chief economist
Huw Pill says policy must remain restrictive to tackle persistent components of inflation
Most read
- ECB says iPhone is currently incompatible with digital euro
- Supervisors grapple with the smaller bank dilemma
- ‘Do I die, or do I survive?’ Officials reflect on Basel III complexity