ECB's Escriva sees interest rates stable
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Jose Luis Escriva, the new Bank of Spain governor, stands during his swearing-in ceremony at Zarzuela Palace in Madrid, Spain, September 6, 2024. REUTERS/Violeta Santos Moura
MADRID, Feb 6 (Reuters) - ECB policymaker Jose Luis Escriva told Spanish radio station Cadena SER he expected interest rates to remain steady in the foreseeable future as inflation expectations were anchored around the institution's 2% inflation goal.
The European Central Bank left interest rates on hold as expected on Thursday and played down the impact of dollar moves on its future choices, with a largely unchanged inflation outlook also suggesting steady policy for months to come.
The euro zone's central bank has been on hold since ending a year-long run of rate cuts in June, and surprisingly resilient growth has taken nearly all pressure off policymakers to provide any further support.
(Reporting by Jesús Aguado; Editing by Emma Pinedo)
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