ECB policy would be very restrictive even after rate cut – Cipollone

By Jan Strupczewski

BRUSSELS (Reuters) – The European Central Bank’s monetary policy would remain “very restrictive” even after an interest rate cut, ECB board member Piero Cipollone said on Wednesday.

“We’re so far away from a neutral stance of monetary policy that even if we adjust, we are still very restrictive,” Cipollone told an event in Brussels.

(Reporting By Jan Strupczewski, Writing by Francesco Canepa, Editing by Balazs Koranyi)