ECB's Panetta says more rate hikes may be needed to stop inflation
ORIGINAL · NewsquawkECB's Panetta says more rate hikes may be needed to stop inflationRead originalHide original
ECB should weigh recent surge in bond yields when calibrating policy. Bank can adjust its stance promptly if the international situation improves or financial tensions act as a brake on inflation. Rise in long-term yields must be considered when gradually calibrating monetary policy. The increase in core inflation could become more pronounced early next year
Panetta’s reported remarks point to possible further hikes, while calling for the ECB to weigh rising bond yields and remain responsive to inflation and international conditions.
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ECB should weigh recent surge in bond yields when calibrating policy. Bank can adjust its stance promptly if the international situation improves or financial tensions act as a brake on inflation. Rise in long-term yields must be considered when gradually calibrating monetary policy. The increase in core inflation could become more pronounced early next year
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