On February 15th, Fabio Panetta, a member of the Council of the European Central Bank, stated that given the expected 2% price target and the downward trend in inflation risk, the ECB does not need to hesitate in cutting interest rates. Monetary policy continues to exert downward pressure on economic activity and inflation, which is becoming increasingly unnecessary as inflation approaches the target and domestic demand remains weak, “he said in a speech in Turin on Saturday.” Not being so decisive in monetary easing may lead to low inflation in the medium term
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