ECB's Makhlouf: German court ruling does not get in the way of the ECB doing its job

The ECB will continue to do what it needs to do

  • German court ruling runs counter to ECJ
  • There will not be an impact from the ruling on ECB actions

It will be interesting to see how all of this impacts the 4 June monetary policy meeting. But for now, it seems to be a case of "as you were" by the ECB as they are adamant that the German court ruling will have no bearings on their policies at the end of the day.

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