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ECB’s Zigman Says Price Stability Is Key, Cheaper Oil Will Help

ECB’s Zigman Says Price Stability Is Key, Cheaper Oil Will Help
Key Points

Central Banks ECB’s Zigman Says Price Stability Is Key, Cheaper Oil Will Help The top priority for the European Central Bank is keeping inflation in check, a task that’s becoming a little easier as oil prices retreat, according to Governing Council member Ante Zigman. By raising borrowing costs, the ECB has shown it’s prepared to act, Zigman said Tuesday in his first public remarks since becoming Croatian central-bank governor this month. That hike came despite concerns it will add to...

Central Banks ECB’s Zigman Says Price Stability Is Key, Cheaper Oil Will Help The top priority for the European Central Bank is keeping inflation in check, a task that’s becoming a little easier as oil prices retreat, according to Governing Council member Ante Zigman. By raising borrowing costs, the ECB has shown it’s prepared to act, Zigman said Tuesday in his first public remarks since becoming Croatian central-bank governor this month. That hike came despite concerns it will add to headwinds for the bloc’s struggling economy.
ECB (ORG) Zigman (PERSON) Central Banks ECB (ORG) the European Central Bank (ORG) Governing Council (ORG) Ante Zigman (PERSON) Croatian (ORG)
Originally published by Bloomberg Markets Read original →