ECB’s Panetta warns against second-round wage effects; says monetary policy is better positioned vs 2022
Context
Panetta's warning about potential second-round wage effects indicates vigilance regarding inflationary pressures, which could influence future ECB policy decisions. 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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