ECB's Centeno: Policy Must Be `Measured and Balanced'

The video discusses the European Central Bank's (ECB) cautious approach to monetary policy, emphasizing the importance of being data-driven and maintaining stability. It explores the challenges of determining the neutral rate amidst inflation concerns and the impact of external factors like UK and US decisions. The ECB's strategy includes providing liquidity and a gradual path towards policy normalization, avoiding destabilizing effects.

What does the speaker indicate about the importance of stability in the economy?

What does the speaker believe is necessary before the ECB can have a clear path in terms of interest rates?

How does the speaker respond to the idea of starting discussions around quantitative tightening (QT)?