(Bloomberg) -- The European Central Bank shouldn’t be afraid to shift its “overly prudent” stance on interest rates away from that of the Federal Reserve, according to Governing Council member Yannis Stournaras.Most Read from BloombergIsrael Bracing for Unprecedented Direct Iran Attack in DaysApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsRussian Attacks on Ukraine Stoke Fears Army Near Breaking PointUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Se
(Bloomberg) -- The European Central Bank risks a backlash from investors if its interest-rate policy strays too far from that of its US counterpart, according to Allianz Chief Economist Ludovic Subran.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussia Destroys Largest Power Plant in Ukraine’s Kyiv RegionChinese Cement Maker Halted After
Consumers will be forced to spend an extra £2bn on French cheese, Italian olive oil and other food from the Continent when post-Brexit border checks come into force at the end of this month, according to estimates from Allianz Trade.