They Said It: Recent ECB Policymaker Comments on Quantitative Tightening
To the version published on 2 December 2022 of recent public comments by European Central Bank Governing Council members touching on the subject of quantitative tightening, we have added remarks made since. With one exception notable enough to warrant inclusion, ‘recent’ means since the October 27 monetary policy meeting. Christine Lagarde (ECB) ‘…large-scale asset purchases were necessary to expand the policy stance when interest rates were close to the lower bound. But in the current environment, and acknowledging that interest rates remain the most effective tool for shaping our policy stance, it is
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