Central Banks
Centeno Says Bank Woes Must Be Weighed in ECB Decisions
- Financial stability is key for price stability, Centeno says
- Portuguese official says fighting inflaion remains main focus
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The European Central Bank must consider recent financial-market stress when taking decisions on interest rates, according to Governing Council member Mario Centeno.
While there are no signs of systemic problems in the euro zone’s banking industry, financial stability is a prerequisite for price stability, Centeno said Monday.