The European Central Bank has inflation under control and should maintain space to act in the future on interest rates, according to incoming Governing Council member Alvaro Santos Pereira. “Inflation seems to be on target,” Pereira, currently chief economist at the OECD, said in a Bloomberg Television interview. “On monetary policy, you give buffers so you have room to maneuver in case of a shock and that is essential,” he explained.
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Pereira: ECB Should Keep ‘Room to Maneuver’ on Rates
