Philip Lane, Chief Economist at the European Central Bank ECB, emphasized the necessity of adopting a balanced approach to interest rates, urging policymakers to avoid excessive caution when considering rate hikes or cuts and to seek a middle path between acting too quickly and moving too slowly.
Structural reforms are needed to raise medium-term growth and address fiscal challenges population aging.
The bank reported pre-tax profit of 1.4bn in the third quarter, up 40 per cent a year earlier on a constant currency basis
ECB Delivers Big 75bps Rate Hike
CNB keeps interest rates unchanged
Policymakers increase base rate by 0.5 percentage points, the sixth rise in a row as the cost of living soars
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