Investing.com -- Jose Luis Escriva, a member of the European Central Bank's Governing Council, has suggested that the bank should modify its monetary policy. The current policy, he argued, is slightly restrictive and needs to be shifted to a more neutral stance over the upcoming semester.
Escriva, who is also the head of the Bank of Spain, made these remarks on Thursday while participating in a panel at the World Economic Forum in Davos. The panel was chaired by Jonathan Ferro (NYSE:FOE).
He emphasized that while this is the central scenario, it's crucial to maintain flexibility due to the uncertain nature of the economy. He added that the bank must pay close attention to all incoming information to make informed decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.