Central Banks
ECB Doesn’t Need to Curb Demand Further to Tame Prices, Cipollone Says
- Italian official speaks for first time on monetary policy
- Officials are deabting when to start lowering borrowing costs
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There’s no need for the European Central Bank to further curb demand in its quest to regain control over inflation, Executive Board member Piero Cipollone — signaling that interest rates don’t need to rise any more.
In his first public remarks on monetary policy since taking up his role in November, the Italian official also suggested the struggling euro-zone economy could bounce back without prices doing likewise.