🧵 With rates now firmly in restrictive territory, we need to calibrate our monetary policy in a way that brings inflation back to target in a timely way while avoiding unnecessary harm to the economy.
Speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230803~30bdb2c935.en.html
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🐦🔗: https://n.respublicae.eu/ecb/status/1687031469791703040