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MNI BRIEF: May Be Right Time To End APP, Raise Rates - Panetta

(MNI) London

The time may be right to stop asset purchases and end negative interest rates, one of the European Central Bank Executive Board’s more dovish members said in an interview published Thursday.

“With medium-term actual and expected inflation around 2% we can gradually reduce the level of monetary accommodation, providing less stimulus to the economy than in the past,” Fabio Panetta said. “Under current circumstances, negative rates and net asset purchases may no longer be necessary.”

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
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MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
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