Central Banks

Escriva Sees ECB Need to Move to Neutral Stance in Next Semester

WATCH: Jose Luis Escriva says the European Central Bank should adjust monetary policy to “a more neutral stance.”Source: Bloomberg

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By Zoe Schneeweiss

January 23, 2025 at 10:50 AM UTC

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The European Central Bank should adjust monetary policy to a level that neither stimulates nor constricts the economy, according to Governing Council member Jose Luis Escriva.

“We have a policy that is somewhat restrictive, and we need to move to a more neutral stance over the next semester or so,” the Bank of Spain chief said in Davos on Thursday.