Global EconomyIMPORTANT
ECB's Patsalides says as inflation risks rise, the balance shifts towards pre-emptive action, EconoStream reports
StockNow breaking-news AI analysis
ECB's Patsalides signals a shift toward pre-emptive action due to rising inflation risks from oil prices, despite maintaining a steady hand in July pending September's critical data update.
News detail
No evidence favoured July hike; second-round effects are not evident and expectations are anchored. If higher oil prices persist, inflation risks will rise. Hikes in projections do not obligate us, policy can not depend on today's yield curve. Scenarios could be changed or updated after September data. Higher prices may be filtering into parts of the economy which are not easily observed.
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