ECB’s Panetta says medium-term inflation expectations remain firmly anchored to target
- For the June rate decision, it is crucial to assess the extent of the pass-through of higher energy prices.
- The forward-looking picture seems to call for a recalibration of the monetary policy stance.
- ECB will act in a timely and measured manner to stop the energy shock from turning into persistent inflation.
- Consumers’ inflation expectations are rising and firms have already started planning price increases
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