ECB Governing Council member Martin Kocher said consumer prices in the euro area will stay higher for some time, even after an agreement to end the war in the Middle East. The comment signals lingering inflation pressure and a cautious policy backdrop for the ECB. Market impact is likely limited but relevant for euro-area rates and inflation expectations.
ECB Governing Council member Martin Kocher said consumer prices in the euro area will stay higher for some time, even after an agreement to end the war in the Middle East. The comment signals lingering inflation pressure and a cautious policy backdrop for the ECB. Market impact is likely limited but relevant for euro-area rates and inflation expectations.
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