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- ECB's Executive Board member Panetta: We will have to maintain very favoruable financing conditions well beyond the end of the pandemic
ECB's Executive Board member Panetta: We will have to maintain very favoruable financing conditions well beyond the end of the pandemic
- ECB has already asserted its monetary autonomy and will continue to use it to bring inflation back to our aim of 2%
- We should avoid withdrawing support - either deliberately or by tolerating adverse spillovers - until the output gap is closed and we see inflation sustainably back at 2%
- Inflation remains well below our aim in our projection horizon
- Globalization does not seem to impose an insurmountable constraint on ECB's monetary policy
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