ECB's Sleijpen says ECB could hike in September even without second-round effects as long as the broader inflation outlook warrants it, via EconoStream interview

Second-round effects are important, but will assess the entire inflation outlook; no evidence of second-round effects yet. Markets understand the reaction function and decision triggers. From a cyclical perspective, the economy has held up reasonably well. Neutral rate estimates are not a decisive factor in setting policy. Conditions are again more consistent with the June baseline.