US EditionInflation scars risk quickly lifting expectations; ECB must be ready to act: policymaker
Radev said the ECB should act if energy-driven price pressures spread to wages and expectations, with markets pricing in more than two rate hikes this year.
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7 Articles
ECB Must Stand Ready to Raise Rates Quickly if Energy Shock from Iran War Fuels Persistent Inflation, Bulgarian Central Bank Chief Warns
The European Central Bank must be prepared to raise interest rates swiftly if surging energy costs triggered by the Iran war begin to feed into broader price pressures and inflation expectations, ECB policymaker Dimitar Radev warned on Tuesday. Radev, who heads Bulgaria’s central bank and is one of the newest members of the ECB’s Governing […] The post ECB Must Stand Ready to Raise Rates Quickly if Energy Shock from Iran War Fuels Persistent Inf…
The effects of the conflict in the Middle East drive up inflation in the euro area. At the same time, the rising oil price is slowing down the economy. The European Central Bank is therefore in a dilemma.
The European Central Bank (ECB) should be ready to raise interest rates without delay if there are signs of continued pressure on prices, said
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