Central Banks
ECB Policy Risks Becoming Too Restrictive, Cipollone Says
- ‘We desperately need investment and growth in Europe’
- ECB Executive Board member comments in Le Monde interview
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The European Central Bank shouldn’t keep interest rates too high for too long as doing so could damage the economy, according to Executive Board member Piero Cipollone.
In an interview with Le Monde published Wednesday on the ECB’s website, the Italian official said that “there is a real risk that our stance could become too restrictive.”