World News

ECB’s Panetta sees decision on new policy strategy at year-end

ROME (Reuters) – Italy’s new appointee to the European Central Bank’s board Fabio Panetta said on Thursday he expected a decision on the ECB’s new policy strategy at the end of this year.

“I don’t know how (the ECB’s) monetary policy will change but we’re a group of 25 people and this decision will be taken jointly and this will happen at the end of the year,” Panetta told an audience in Rome in his first public appearance since joining the ECB on Jan 1.

(Reporting By Giselda Vagnoni; Writing by Francesco Canepa in Frankfurt; Editing by Chris Reese)