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European Central Bank's (ECB) chief economist Pablo Hernandez de Cos expressed concerns over downside risks to growth projections and balanced risks to the inflation outlook. De Cos highlighted that stronger-than-expected monetary policy impact poses a downside risk to the Euro area growth outlook. The ECB will closely monitor these risks and adjust restrictions accordingly.
ECB is watching the tightening impact in its rate judgments, Pablo Hernandez de Cos says https://t.co/u0NLDmykQo via @CraigStirling https://t.co/FBJIQFhseE
🔴 ECB'S DE COS: THE TRANSMISSION ON FINANCING CONDITIONS HAS BEEN FORCEFUL.
🔴 ECB'S DE COS: STRONGER THAN EXPECTED MONETARY POLICY IMPACT IS A DOWNSIDE RISK TO THE EURO AREA GROWTH OUTLOOK.
