Global EconomyIMPORTANT
ECB's Vujcic says market bets on further ECB rate hikes are being largely driven by higher energy prices, will look at a wider set of economic indicators when deciding the next policy move
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ECB's Vujcic noted rate hike bets reflect energy prices, warning autumn inflation will dampen GDP while advising against policy labels and supporting the current hiking pace.
News detail
Higher inflation through Autumn will dampen GDP. ECB should not focus on labels such as 'Neutral' and 'Restrictive'. Rate hike pace worth keeping for the time being.
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