ECB's De Cos says must avoid both insufficient and excessive tightening

<p>Bank of Spain governor and European Central Bank Governing Council member Pablo Hernández de Cos speaking in Madris, crossing the news wires:</p><ul><li>
The European Central Bank must avoid both insufficient and excessive tightening.</li><li><p>If rates are kept at 4% long enough, we should reach our 2% goal.</p></li></ul>

<ul><li>
Governments must roll back their energy support measures – and if new measures on energy are need they should be targeted</li><li>We need

<p> structural reforms to strengthen the supply side</p></li></ul><ul><li>
Fiscal policy for 2024 should tend toward restrictive</li></ul>

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<figure data-media-><img src="https://images.forexlive.com/images/ECB%27s%20de%20Cos_id_c5b92f2f-7dac-4cf8-a043-44f6365242cb_original.jpg" alt="ECB's de Cos" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/ECB%27s%20de%20Cos_id_c5b92f2f-7dac-4cf8-a043-44f6365242cb_original.jpg" /><figcaption><div>ECB's de Cos</div></figcaption></figure><p>more to come </p>

This article was written by Eamonn Sheridan at www.forexlive.com.