The European Central Bank is likely to need extra interest rate cuts if global borrowing costs are pushed up by the US Federal Reserve maintaining its restrictive monetary policy stance, a top eurozone policymaker has said.
Fabio Panetta, head of Italy’s central bank, said in a speech on Thursday that if the Fed keeps rates on hold longer than markets expect, or even raises them, it would be “l(fā)ikely to reinforce the case for a rate cut [by the ECB] rather than weakening it”.
Panetta’s comments clash with warnings from other ECB rate-setters that they should avoid diverging too much from the Fed and underline how doubts over the direction of US monetary policy are creating tensions in Europe.
您已閱讀21%（698字），剩余79%（2638字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。