Economic news

ECB must keep inflation expectations at bay – Elderson

2022.05.06 16:35

ECB must keep inflation expectations at bay - Elderson
FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski

FRANKFURT (Reuters) – Euro zone inflation is “very high” and the European Central Bank needs to ensure that this does not get entrenched in inflation expectations, ECB board member Frank Elderson said on Friday.

“The timing for rate hikes depends on incoming data, and we will discuss this in detail in our June (9) meeting,” Elderson said on Twitter (NYSE:TWTR).

“We have to ensure that high inflation does not get entrenched in people’s expectations,” he added.

Source

Related Articles

Leave a Reply

Back to top button