{"id":142993,"date":"2023-09-01T18:37:01","date_gmt":"2023-09-01T13:07:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=142993"},"modified":"2023-09-01T18:37:01","modified_gmt":"2023-09-01T13:07:01","slug":"need-to-set-interest-rates-sufficiently-restrictive-for-as-long-as-necessary-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/need-to-set-interest-rates-sufficiently-restrictive-for-as-long-as-necessary-crypto-news\/","title":{"rendered":"Need to set interest rates sufficiently restrictive for as long as necessary &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>European Central Bank President Christine Lagarde spoke at the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Jackson Hole Symposium<\/a>. In her speech, she mentioned that the fight against inflation &#8220;is not yet won.&#8221; She emphasized the importance of central banks providing a nominal anchor for the economy and ensuring price stability. Lagarde stated that this entails setting interest rates at sufficiently restrictive levels for as long as necessary to achieve a timely return of inflation to the ECB&#8217;s 2% medium-term target.<\/p>\n<h2 class=\"fxs_headline_medium\">Key takeaway from the speech:\u00a0<\/h2>\n<blockquote>\n<p>There is no pre-existing playbook for the situation we are facing today \u2013 and so our task is to draw up a new one.<\/p>\n<p>Policymaking in an age of shifts and breaks requires an o+pen mind and a willingness to adjust our analytical frameworks in real-time to new developments.<\/p>\n<p>At the same time, in this era of uncertainty, it is even more important that central banks provide a nominal anchor for the economy and ensure price stability in line with their respective mandates. In the current environment, this means \u2013 for the ECB \u2013 <strong>setting interest rates at sufficiently restrictive levels for as long as necessary to achieve a timely return of inflation to our 2% medium-term target<\/strong>.<\/p>\n<\/blockquote>\n<h2 class=\"fxs_headline_medium\">Market reaction<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">EUR\/USD<\/a> has remained relatively stable, hovering around the 1.0800 level, following the initial reaction to Lagarde&#8217;s speech. The pair is currently trading flat for the day, consolidating weekly losses.<br \/>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: European Central Bank President Christine Lagarde spoke at the Jackson Hole Symposium. In her speech, she mentioned that the fight against inflation &#8220;is not yet won.&#8221; She emphasized the importance of central banks providing a nominal anchor for the economy and ensuring price stability. Lagarde stated that this entails setting interest rates at sufficiently [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,386,251,246,257,825,433,255,250,252,247,253,249,256,254],"class_list":["post-142993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-ecb","tag-eurusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=142993"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142993\/revisions"}],"predecessor-version":[{"id":146449,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142993\/revisions\/146449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/19466"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=142993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=142993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=142993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}