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ECB has been successful in containing second round effects says Constancio

More form the ECB VP

  • Low headline inflation from commodities could contaminate core inflation

  • ECB was aggressive to pre-empt second round effects

Is Constancio calling a win on inflation now that oil has moved higher?

Fed's Evan's is adding comments too;

  • It is only in getting inflation up to 2% that inflation expectations will be anchored

  • US productivity has been disappointing for some time and that's partly cyclical

  • Overshooting inflation a little bit to make sure you hit 2% seems quite sensible

Until you can't stop it from going further that is ;-)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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