ECB Governing Council member Escrivá: Monetary policy is expected to remain stable

Jinse Finance reported that European Central Bank Governing Council member Escrivá stated that he sees no reason to adjust interest rates and expects monetary policy to remain stable for the foreseeable future. On Thursday, the European Central Bank kept its policy rates unchanged and raised some growth and inflation forecasts, a move that may have closed the door to further rate cuts in the near term. In an interview, when Escrivá was asked about the next possible interest rate move, he said: "We don't know, but if necessary, we are open to any change in any direction. However, at present, we are satisfied with the current 2% interest rate level."