ECB’s Panetta: Asking ECB to bring down high inflation in near term would be “extremely costly ECB Inflation EURUSD GDP CentralBanks
ECB not seeing any de-anchoring of inflation expectations.
Quarter-on-quarter growth rates will be very low this year and war could bring them into negative territory.Would need to massively suppress domestic demand to bring down inflation.Would not hesitate to tighten policy if supply shocks fed into domestic inflation.The shared currency faced a minor blow on these comments, as EUR/USD eased slightly from daily highs of 1.0926.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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