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6 Feb 2013
ECB monetary policy should remain extremely accomodative - Clemente De Lucia
Tomorrow's ECB rate decision meeting will probably be a non-event in the opinion of BNP Paribas economist Clemente De Lucia, who believes that the central bank's monetary policy should remain "extremely accommodative.”
Clemente De Lucia points out that even though we cannot talk about the end of the Eurozone crisis yet, there are signs of advancing recovery and of improvement in financial market conditions. Still, he notes that “their effects have not yet passed on to the real economy” thus “it is too early for any 'exit strategy' or changes of the monetary policy stance.”
Clemente De Lucia points out that even though we cannot talk about the end of the Eurozone crisis yet, there are signs of advancing recovery and of improvement in financial market conditions. Still, he notes that “their effects have not yet passed on to the real economy” thus “it is too early for any 'exit strategy' or changes of the monetary policy stance.”