ECB’s Escrivá: Central bank to keep all options on a meeting-by-meeting basis
The post ECB’s Escrivá: Central bank to keep all options on a meeting-by-meeting basis appeared on BitcoinEthereumNews.com. European Central Bank (ECB) policymaker and Governor of the Bank of Spain, José Luis Escrivá, said on Wednesday that the central bank “will keep all options on the table and decide on a meeting-by-meeting basis.” Additional quotes If the recent decline in oil prices were to persist, the factors that had concerned policymakers would gradually ease. The rise in oil prices over recent months had started to be transmitted to other prices in the economy. Monetary policy would normally look through one-off energy price shocks, but we started to see indirect effects over recent months with rising services inflation, transport costs and food prices. We had to react by raising interest rates. The ECB should remain agile given the uncertainty. Market reaction As of writing, EUR/USD is defending 1.1400 following these comments, modestly flat on the day. Escrivá flags energy-