2023-10-11 11:05:32
MARRAKECH, Oct 11 (Archyde.com) – The European Central Bank (ECB) has made “significant progress” in bringing inflation back to its target, but there is still a long way to go and a further rate hike is not to exclude, said the head of the Dutch central bank, Klaas Knot, on Wednesday.
“Overall, we have made important progress in bringing inflation back to target, but the road is still long and winding,” Klaas Knot told a conference in Marrakech, Morocco.
“I think that monetary policy is currently well oriented (…) but we will remain vigilant and we stand ready to further adjust interest rates if the disinflation process should get bogged down.”
(Written by Balazs Koranyi, French version Corentin Chappron, edited by Kate Entringer)
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