ECB’s Panetta warns against second-round wage effects; says monetary policy is better positioned vs 2022
Panetta's warning about potential second-round wage effects indicates vigilance regarding inflationary pressures, which could influence future ECB policy decisions.
[MARKET ANALYSIS] DXY lacks direction, EUR moves a touch lower on cooler-than-expected inflation report
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ECB’s Panetta warns against second-round wage effects; says monetary policy is better positioned vs 2022
EU Inflation Rate YoY Flash (Mar) Y/Y 2.5% vs. Exp. 2.8% (Prev. 1.9%, Low. 2.4%, High. 3.1%)
Italian HICP Prelim. Y/Y 1.50% vs. Exp. 1.70% (Prev. 1.50%)
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His assertion that monetary policy is better positioned than in 2022 suggests a more resilient economic backdrop, possibly pointing toward a moderate tightening path or maintaining current rates to manage inflation without stifling growth.
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