Some European Central Bank officials are coming under increasing heat from Eurozone governments as accelerating inflation stokes tension.
Governing Council member Peter Kazimir of Slovakia defended the Frankfurt-based ECB on Wednesday against his country\u2019s economy minister, Richard Sulik, who said asset purchases under the bank\u2019s quantitative easing program were hurting consumers.
\u201cThose who make decisions at the ECB are to blame,\u201d Sulik said at a news conference in Bratislava on Wednesday. He said quantitative easing by monetary policy makers consisted of a series of \u201cfatally bad, destructive decisions\u201d that was driving inflation that hit 8.4% in January, the highest since 2004.
Kazimir responded that he didn\u2019t see a reason to react to Sulik\u2019s \u201cprimitive diatribes.\u201d The ECB\u2019s pandemic-era measures have helped ward off an economic collapse, protect millions of jobs and allow Eurozone governments to finance their relief programs, Kazimir said in a statement.
\u201cThis aggressive rhetoric is only masking nervousness about the need to bring concrete solutions,\u201d Kazimir said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Some European Central Bank officials are coming under increasing heat from Eurozone governments as accelerating inflation stokes tension.Governing Council member Peter Kazimir of Slovakia defended the Frankfurt-based ECB on Wednesday against his country\u2019s economy minister, Richard Sulik, who said asset purchases under the bank\u2019s quantitative easing program were hurting consumers. \u201cThose who make decisions at …<\/p>\n","protected":false},"author":13,"featured_media":44251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7459,6923,6987,8143,7747,8818,8213,7630,8643],"class_list":["post-60373","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-asset-purchases","tag-ecb","tag-inflation","tag-interest-rate-hikes","tag-pandemic","tag-peter-kazimir","tag-price-pressures","tag-qe","tag-qt"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/60373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=60373"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/60373\/revisions"}],"predecessor-version":[{"id":60377,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/60373\/revisions\/60377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44251"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=60373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=60373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=60373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}