Latest News

ECB must act if inflation starts pressuring wages: ECB’s Kazaks

Economy40 minutes ago (Nov 22, 2021 15:01)

© Reuters.

FRANKFURT (Reuters) – The European Central Bank will need to tighten policy if the current bout of inflation starts putting undue pressure on wages or inflation expectations, Latvian central bank chief Martins Kazaks said on Monday.

“When the shocks are from the supply side, as we currently see them, and they are of a transitory nature… I think we should look through them,” Kazaks, who sits on the ECB’s policy-setting Governing Council, said.

“If we see that there’s a risk that these supply side shocks start to translate into domestic price pressures, for instance through pressure on wages or changes in inflation expectations… then we should act,” he told a conference.

ECB must act if inflation starts pressuring wages: ECB’s Kazaks

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Housing Inventory Nov 22nd Update: Inventory Down 2.3% Week-over-week

Previous article

ECB’s Kazimir toes line on temporary inflation surge

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News