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ECB vice-president Luis de Guindos: 'Our main tool to conduct monetary policy are interest rates'. Which may well be true, but is not without cost, nor clear to be effective (Photo: ECB)

Analysis

Portugal retreat sees call for ECB to update 'ineffective' inflation policy

Central bankers will gather for their annual retreat in Portugal on Tuesday (6 May) and Wednesday. 

On the agenda is the first policy review since 2021; an ideal moment to take stock of inflation policies after prices surged to a 40-year high in 2022. 

One might expect that, af...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

ECB vice-president Luis de Guindos: 'Our main tool to conduct monetary policy are interest rates'. Which may well be true, but is not without cost, nor clear to be effective (Photo: ECB)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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