Economics
ECB’s Kazimir Favors Waiting to See If More Stimulus Needed
- Slovak governor wants July-September data to draw conclusions
- ECB will meet on Sept. 10 amid signs recovery may be flagging
Peter Kazimir
Photographer: Christian Wind/BloombergThis article is for subscribers only.
The European Central Bank should stay the course with its current monetary stimulus until it gets a better picture of how the euro-area economy is developing, according to Governing Council member Peter Kazimir.
Two weeks before the next policy meeting, the Slovak central banker said it makes no sense to take action based on second-quarter and July data because of its limited informational value. The most reasonable approach is to wait and see after the “timely” stimulus the ECB already deployed to underpin the recovery from the pandemic.