ECB’s Panetta: Current interest rates level consistent to bring inflation down to target

European Central Bank (ECB) executive board member Fabio Panetta said on Thursday,  “the current interest rates level consistent to bring inflation down to target.”

Additional quotes

May be able to ease monetary conditions if persistently weak output accelerates the decline in inflation.

Monetary tightening has not yet had a full impact and will continue to dampen demand in the future.

Risks to the Eurozone economy are tilted to the downside.

The economy remains weak in Q4 2023.