ECB Governing Council Member Demarco: Central Bank Can Wait for Next Economic Forecast Before Tightening

According to ECB Governing Council member Demarco, the European Central Bank can wait until its next round of economic forecasts to decide whether further policy tightening is needed. Following the decline in oil prices, the ECB should not rush into another rate hike. Demarco noted that no second-round effects, excessive wage pressures, or unanchored inflation expectations have been observed.
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