ECB Won't Be Guided by US Economy in Setting Rates, Centeno Says [Yahoo! Finance]
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Source: Yahoo! Finance
(Bloomberg) -- The European Central Bank will set monetary policy based on the situation on its home turf rather than take its cue from the US, according to Governing Council member Mario Centeno. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Tesla Asks Investors to Approve Musk's $56 Billion Pay Again China Tells Iran Cooperation Will Last After Attack on Israel What If Fed Rate Hikes Are Actually Sparking US Economic Boom? Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs “If the ECB, looking at inflation and the economic conditions of the euro area, has to decide to cut, that's its job,” the Portuguese official said in an interview. “It's not looking at the US to see what the US does. If the Fed does something different, it's because the Fed is facing a different economy.” Speaking in Washington, where he's attending the International Monetary Fund and World Bank spring meetings, Centeno said officials shou
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