ECB Set to Ease Grip on Economy as Inflation Nears Target

The post ECB Set to Ease Grip on Economy as Inflation Nears Target appeared first on News Directory 3.
With inflation moving towards its target, the European Central Bank (ECB) should be able to ease its grip on the economy somewhat in the summer, said Lithuanian central bank governor Simkas, a member of the ECB’s policy committee. Shimkus said on Wednesday that monetary policy must remain accommodative as wage pressures remain too strong for […]