ECB’s Makhlouf "comfortable" with current interest rate stance

Investing.com -- European Central Bank governing council member Gabriel Makhlouf said Monday he is "very comfortable" with the bank’s current stance on interest rates.

"I’m very comfortable with where we are, but I accept that there’s a load of uncertainty around that means we have to take a meeting by meeting approach," the Irish central bank chief stated during a news conference.

Makhlouf added that he believes the ECB is "in a good place" regarding its monetary policy.

The central banker also expressed concerns about stablecoins, particularly from a financial stability perspective and "slightly less so" from a monetary policy standpoint. He emphasized the need to ensure a regulatory framework is in place to manage risks associated with these digital assets.

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