ECB’s Panetta: ECB can gradually reduce rates in line with disinflation process

European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday that the ECB “can gradually reduce rates in line with the disinflation process.”

Additional quotes

Should be ready to respond quickly to any shocks in one direction or the other.

Previous rate hikes will continue to dampen demand, output and inflation for months to come.

Wage growth can also be expected to ease.