- We see sticky companies inflation, resilient labour market
- There’s a loosening of economic situations as markets aggressively priced in fee cuts
- Current occasions within the Crimson Sea additionally spark fears of renewed provide chain disruptions
- Taken collectively, this cautions towards adjusting coverage stance too quickly
- We now have made substantial progress on inflation, however we’re not there but
- We should be affected person, cautious as inflation can flare up once more
She is without doubt one of the extra hawkish members on the central financial institution, so the remarks aren’t too stunning. However as soon as once more, all it does it preach extra endurance and data-dependency because the ECB continues to attempt to push again on market pricing.
This text was written by Justin Low at www.forexlive.com.
