ECB’s Dolenc says central bank may not have to do as much if markets tighten
European Central Bank (ECB) Governing Council member Primoz Dolenc said on Wednesday that a tightening in financial conditions may limit the need for central bank monetary policy action.
Key quotes
We’ve seen quite a bit of repricing in the markets.
If there is a tightening on the financial market, then maybe we don’t have to do as much as we would otherwise.
ECB is approaching the restrictive area — probably we are still not there, but we are on the limits.
Market reaction
At the time of writing, the EUR/USD pair is up 0.45% on the day at 1.1207.
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Primož Dolenc, a member of the European Central Bank's Governing Council, stated that tighter financial conditions may reduce the necessity for the ECB to take monetary policy action.
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