Economics

ECB’s Panetta Warns Neutral Rate Aim Risks Hurting Euro Economy

Executive Board member insists on raising only gradually
Remarks contrast with flurry of hawkish comments this week

WATCH: ECB Governing Council member Villeroy says “a 50 basis-point hike is not part of the consensus at this point, I am clear.” Source: Bloomberg

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By Craig Stirling and Alexander Weber

May 25, 2022 at 8:21 AM UTC

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The European Central Bank shouldn’t seek to raise its interest rates too far as long as the euro-area economy displays continuing signs of fragility, Executive Board member Fabio Panetta said.