Otmar Issing
Otmar Issing
Otmar Issingis a German economist. As the former Chief Economist and Member of the Board of the European Central BankIssing developed the 'two pillar' approach to monetary policy decision-making that the ECB has adopted...
inflation likelihood rise
Inflation has come down, it's true, but in all likelihood it will rise again.
fixed intervene price priority rates regime
A regime of fixed foreign-exchange rates and obligations to intervene would encroach upon the statute of the ECB and the priority of price stability,