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Italian Deputy PM Airs Displeasure With ECB Policy

ECB
Wires run coverage of comments from Italian Deputy PM Tajani (to ANSA) as he outlines continued displeasure re: ECB monetary policy settings. He suggests that continued rate hikes do not go in the direction of growth, while pushing back against the idea of pre-commitment to further tightening and highlighting recession risks.
  • It is also no coincidence that those comments come in lieu of the MRO demand details.
  • We would also suggest that the level of liquidity that was demanded in today’s MRO may be raise more than a few eyebrows at the Bank’s Sintra conference, particularly within the cohort of the typically dovish nations, as well as getting the attention of a few that remain in Frankfurt.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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