Economics
Panetta Says ECB Needs to Stay Vigilant on Inflation Outlook
- ECB must carefully assess exchange-rate developments
- Policy results are ‘not fully satisfactory yet,’ Panetta says
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The European Central Bank needs to remain vigilant about the outlook for inflation and continues to stand ready to act if needed to ensure it reaches its objective, Executive Board member Fabio Panetta said.
Policy makers will carefully assess all economic indicators, including exchange-rate developments, he told a conference on Tuesday, adding that the outlook for the euro area remains clouded by persistently high uncertainty.