ECB President Lagarde (Q&A) says tightening of financial conditions seen recently is doing some of the work; notes they are not seeing any second-round effects
- No intention of corporate leaders to significantly increase wages, the telephone survey recently showed
- ECB needs time to see how the situation evolves
Context
President Lagarde's comments suggest that the recent tightening of financial conditions may be alleviating some inflationary pressures without immediate repercussions on wage growth. This indicates a cautious approach from the ECB, as they are not yet observing second-round effects, which may signal a slower normalization of monetary policy and further scrutiny of economic data ahead.
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