ECB’s Centeno: Monetary policy normalization is absolutely necessary and desired

Dhwani Mehta FXStreet

“Normalization of monetary policy is absolutely necessary and desired,” European Central Bank (ECB) Governing Council member Mario Centeno said on Monday.

Additional quotes

“Policy normalization must be gradual.”

"A policymaker cannot become a factor of instability"

Market reaction

EUR/USD is unimpressed by the above comments, losing 0.56% on the day at 0.9684, at the time of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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