Global EconomyIMPORTANT
ECB's Rehn says that there are no signs of second round effects of inflation yet
StockNow breaking-news AI analysis
ECB's Rehn highlighted euro-area resilience and absent second-round inflation effects, affirming that last week's rate hike was fully justified despite complex energy and inflation outlooks.
News detail
Energy markets may not return to pre-war levels. Euro-area economy has shown resilience. Inflation outlook is "somewhat" complex. The shock impact on inflation has been far lower than expected. The rate hike last week was fully justified. Currently no need for the use of ECB instruments like TPI.
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