ECB’s Cipollone: Policy rates remain primary instrument for adjusting the monetary policy

ECBs Cipollone:

• Policy rates remain our primary instrument for adjusting the monetary policy stance
• We should also consider the role played by quantitative tightening in influencing overall financial and financing conditions.
• We should ensure that our rate decisions adequately compensate for the tightening induced by the reduction of our balance sheet.

This article was written by Greg Michalowski at www.forexlive.com.