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ECB Cautioned: Mind Inflation Risks, Avoid Haste
19 Sep
Summary
- ECB Governing Council member urges caution on inflation risks.
- Second-round inflation effects have not yet materialized.
- Prudent action is advised rather than hasty monetary policy.
Yannis Stournaras, a member of the European Central Bank's Governing Council, has stressed the importance of vigilance regarding potential upside inflation risks. He advocates for a measured approach, cautioning against any hasty decisions by the central bank.
Stournaras noted that the current lack of observable second-round inflation effects, such as significant wage increases, is a positive development. However, he warned that this favorable situation cannot be taken for granted and may not persist without careful management of monetary policy.
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