ECB's Demarco: Central bank can delay decision on additional tightening until next projections
European Central Bank (ECB) Governing Council member and Governor of the Central Bank of Malta, Alexander Demarco, said on Wednesday that the central bank can delay decisions on additional tightening until next projections.
Key quotes
ECB can delay decision on additional tightening until next projections.
No second-round impacts, unwarranted wage pressures, or de-anchored expectations.
ECB should avoid hastening next rate increase after pil price decline.
Market reaction
At press time, the EUR/USD pair trades 0.17% lower at around 1.1403.
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