ECB: Monetary, fiscal policy must work jointly during crisis

Thursday, 29. September 2022 10:13

European Central Bank (ECB) Vice President Luis de Guindos stated on Thursday, virtually delivering his speech at the "Future of Central Banking" conference, that research suggests monetary and fiscal policy need to work together during a time of crisis.

"The recent pandemic crisis and the current challenges of soaring energy and commodity prices coupled with high overall inflation have underlined the case for these policy complementarities," De Gundos stressed.

The central bank official further commented that fiscal policy "should not stoke inflation," and should be "temporary, tailored to the most vulnerable households and businesses."

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