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Quantitative tightening is warranted to regain policy space, mitigate side effects and support our policy stance, says Executive Board member @Isabel_Schnabel. Prospects of a balance sheet run-off are likely to have already contributed to a gradual decompression of risk premia.
Read the full speech here https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230302~41273ad467.en.html
🐦🔗: https://n.respublicae.eu/ecb/status/1631271247727165441