Market news
03.03.2021, 12:40

ECB's Governing Council member de Cos: ECB must maintain sizeable monetary stimulus

  • We must avoid premature rise in nominal rates
  • Drop in real rates would make greater contribution to recovery given low inflation expectations
  • Long-term interest rates developments must also be analysed alongside developments in rest of yield curve
  • ECB stands ready to adjust all instruments as needed
  • Eurozone is "long way" from inflation target
  • ECB must continue to monitor FX developments even as upward euro pressure has eased
  • ECB should set new inflation target at 2% with symmetry

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