{"id":19012,"date":"2023-04-21T10:07:13","date_gmt":"2023-04-21T10:07:13","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/ecb-must-guard-against\/"},"modified":"2023-04-21T10:09:00","modified_gmt":"2023-04-21T10:09:00","slug":"ecb-must-guard-against","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/ecb-must-guard-against\/","title":{"rendered":"ECB must guard against early exit from restrictive policy -Rehn"},"content":{"rendered":"

HELSINKI (Reuters) – The European Central Bank should maintain a tightening monetary policy that restricts demand, Finnish central bank Governor Olli Rehn said in a speech on Friday.<\/p>\n

“In monetary policy, we have moved into an area that restricts aggregate demand, and there is no reason for us to abandon it or exit it prematurely,” Rehn said.<\/p>\n

He warned, however, against a return to economic “shock therapy” seen in the early 1980s of sharply higher rates, arguing instead that inflation can be brought down by less strict means.<\/p>\n

“The path to sustainable growth is narrow, but it can be traversed with a proactive, balanced policy,” Rehn said.<\/p>\n

“In this way, we can achieve our goals without causing unnecessary costs to the economy – also because now the central banks are independent and not subject to political pressure, as in the 1970s.”<\/p>\n

\n

(Reporting by Anne Kauranen, editing by Terje Solsvik)<\/p>\n

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HELSINKI (Reuters) – The European Central Bank should maintain a tightening monetary policy that restricts demand, Finnish central bank Governor Olli Rehn said in a speech on Friday. “In monetary policy, we have moved into an area that restricts aggregate demand, and there is no reason for us to abandon it or exit it prematurely,” […]<\/p>\n","protected":false},"author":8,"featured_media":19013,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-19012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3K0BJ-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/19012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=19012"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/19012\/revisions"}],"predecessor-version":[{"id":19014,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/19012\/revisions\/19014"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/19013"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=19012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=19012"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=19012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}