MNI BRIEF: ECB Should Hold In Dec, Uncertainty Persists-Kazaks

ECB monetary policy remains in a "good place" and there is no need for the Governing Council to act in December, Bank of Latvia Governor Martins Kazaks said on Wednesday.

Speaking at an MNI Connect online event, Kazaks said the ECB should maintain its meeting-by-meeting, data-flow dependent, open-minded policy without a guided rate path, particularly in light of continued global uncertainty.

Fiscal policy is among the headwinds the economy and monetary policy face in comimg quarters and years, particularly given the size of national deficits and the scale of government borrowing. (see MNI SOURCES: No Significant Shift Seen In ECB Dec Projections )