ECB's Makhlouf says the ECB is currently managing extreme uncertainty, adds that action will be taken if facts point to action, every meeting is a live meeting via Bloomberg interview
Importance
Level 1
- Determined to achieve 2% inflation.
- Two price hikes are part of the ECB's baseline scenario.
- Hadn't contemplated cuts before the Iran War.
- Doesn't think ECB has a tightening bias.
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