Wednesday, February 28, 2024
HomeEconomyECB's Kazimir: Banks' priority is monetary policy normalization

ECB's Kazimir: Banks' priority is monetary policy normalization

(Reuters) – The ECB’s priority is to focus on normalizing monetary policy amid high inflation in the euro zone, European Central Bank policymaker Peter Kazimir said on Friday unacceptably.

His comments follow the ECB’s decision on Thursday to raise interest rates by an unprecedented 75 basis point, which Kazimir said was “inevitable and right” .

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