High debt, rise of non-banks risk tying ECB’s hands, Schnabel says
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4 Articles
"The ECB's ability to fulfil its main mandate is based on sound fiscal and regulatory frameworks," said Isabel Schnabel, member of the Executive Board of the ECB, who will leave early in January. "The German central bank considered that a prudent fiscal policy reduced the risk that the central bank would be subject to "budgetary dominance." This corresponds to a situation in which the central bank can no longer fight inflation as freely as it wi…
High debt, rise of non-banks risk tying ECB’s hands, Schnabel says
FRANKFURT, Nov 5 (Reuters) - Rising public debt and the rapid expansion of non-bank finance could curb the European Central Bank's ability to set the appropriate monetary policy, ECB board member Isabel Schnabel said on Thursday. The ECB is now raisi...
A leader of the European Central Bank points out that the fight against price rises requires controlled public accounts. A warning that... Read more The ECB warns that inflation is also fighting with healthy budgets appeared first on Le Singulier.
European Central Bank Governing Board member Isabel Schnabel stated that for the bank to fulfill its mission of keeping inflation under control, European governments must bring order to their struggling public finances and resist pressures to deregulate the financial sector.
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