European Central Bank (ECB) is warning governments and other investors to prepare for higher interest rates.
Benoit Coeure, a member of the ECB said on Monday during a financial conference that the upcoming adjustment of monetary policy is transparent.
"So far we see no evidence that the current constellation of interest rates bears risks or the smooth function of markets, nor to financial stability or the transmission of our policy," he said.
In an interview published on the ECB's website on Monday, Peter Praet, chief economist of the ECB, said the bank is becoming more optimistic about the economic outlook for Europe.
"Incoming data are making us more confident that the economic expansion will continue to firm and broaden. But the important question is whether the adjustment of the path of inflation towards below, but close to, 2% would continue without our expansionary monetary policy," he said.
Praet said the current monetary policy stance of the bank "remains appropriate".
Source: CNBC
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