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ECB’s Välimäki: Unclear Whether a September Hike Would Be Too Much or a Pause Too Little
It is still unclear which of the choices facing the European Central Bank at its upcoming monetary policy meeting is to be preferred, ECB Governing Council member Tuomas Välimäki said on Tuesday. In remarks at a press conference of the Bank of Finland, board member Tuomas Välimäki, who is occupying the position of Governor Olli Rehn whilst the latter runs as a candidate in Finland’s 2024 presidential election, said that although current monetary policy would probably one day be ‘severely criticised’ with the benefit of hindsight, it was ‘still unclear, at least to me, whether the probability and risk of a ... (full story)