ECB’s Panetta: fiscal-monetary co-ordination no danger to independence


Fiscal-monetary policy co-ordination should not imperil central bank independence as long as it remains consistent with the inflation target.

In a speech today (June 28) Fabio Panetta, executive board member at the European Central Bank, assessed how central banks and governments actions can work together to foster the recovery from the Covid-19 pandemic.

“The experience we have gained since the great financial crisis shows that situations in which monetary and fiscal policies should work

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