• Home
  • Top News
  • World
  • Economy
  • science
  • Technology
  • sport
  • entertainment
  • Contact Form
Saturday, May 28, 2022
  • Login
No Result
View All Result
NEWSLETTER
BOB fm
No Result
View All Result
BOB fm
No Result
View All Result
Home Economy

Mario Centeno joins the chorus of hawks at the European Central Bank but with caution – monetary policy

by Ursula Curtis
May 14, 2022
in Economy
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Governor of the Bank of Portugal, Mario Centeno, admitted that inflation should “remain high in 2022” and joined the choir of “hawkish” members of the European Central Bank (ECB) Council, stressing that “the normalization of monetary policy is necessary and required”.

Mario Centeno, during the Banca Forum, stressed that he “does nothing [face ao galopar da inflação] It is not a solution. ”

“When the post-pandemic economic recovery began, the Russian invasion of Ukraine created an economic, social and geopolitical framework of great unpredictability. For this reason, the European economy is simultaneously facing two shocks unprecedented in modern history. The prospects for economic growth and which introduce inflationary pressures,” he added. Minister of Finance.

Mario Centeno also warned of the dangers of aggressive restrictive monetary policy: “The normalization of monetary policy is necessary and required, but it must occur and conditionally, so that it is carried out in such a way that it is not in itself a phenomenon of instability.”

The governor also defended that “although inflation is expected to remain elevated during the… [este ano] There are no structural reasons for not recognizing the convergence of goals [de apontar a inflação para a meta dos 2%] In the medium term, the uncertainty can be dissipated and imbalances gradually resolved.”

The Portuguese governor’s comments come days after European Central Bank President Christine Lagarde admitted that interest rates may rise “a few weeks” after the end of the asset purchase program, at the beginning of the third quarter.

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

See also  European supermarkets boycott Brazilian beef due to deforestation
Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

Next Post

Four weeks later, Liso's "About Damn Time" peaked in the top 10 in the UK

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Navigate

  • Home
  • Top News
  • World
  • Economy
  • science
  • Technology
  • sport
  • entertainment
  • Contact Form

Pages

  • About Us
  • Privacy Policy
  • DMCA
  • Editorial Policy
  • Contact Form
  • About Us
  • Privacy Policy
  • DMCA
  • Editorial Policy
  • Contact Form

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • About Us
  • Contact Form
  • DMCA
  • Editorial Policy
  • Privacy Policy

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In