ECB’s Bini Smaghi: Whether current slowdown temporary or leads to more lasting stall depends on policymakers ability to ease tensions
- ECB will continue to make interest rate decisions based on economic developments, inflationary pressure.
- Single fiscal policy not necessarily best way to achieve fiscal discipline, need more rules and binding constraints.
- Sees change in ECB style and communication under Draghi, but not in substance.
By
M.Zohaib Gadit
Forex Trading consultant
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