ECB Governing Council member Ulo Kaasik said additional monetary tightening may be needed to bring inflation back to target, citing the inflation implications of the Iran war. The message is hawkish and suggests further pressure on ECB policy rates, which could weigh on European rates and interest-rate-sensitive equities.
ECB Governing Council member Ulo Kaasik said additional monetary tightening may be needed to bring inflation back to target, citing the inflation implications of the Iran war. The message is hawkish and suggests further pressure on ECB policy rates, which could weigh on European rates and interest-rate-sensitive equities.
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