🇪🇺@Isabel_Schnabel: Monetary policy has had little effect so far *on inflation*. Tighter bank lending conditions are early signs that our tighter monetary policy is working. But they also seem to be driven by banks’ risk perceptions. #AskECB
RT @p_e_r_i_c_l_e_s: #AskECB You've said that "So far, monetary tightening has had little effect". However, in the last Bank Lending Survey, we see a high number of banks reporting a decrease in demand for credit because of th…