Market news
17.09.2021, 12:46

ECB's Governing Council member Makhlouf: We have ability to fight inflation "as strong as ever"

  • Says fears of excessive inflation in Eurozone is overstated
  • Expects similar levels of Eurozone inflation in the coming months after 3% increase in August
  • Current inflation trend is transitory, would not disagree that a number of pressures are longer lasting
  • If this is more than transitory, we will respond
  • Says quantitative easing program will probably end before we hike rates; refrains from commenting on timing
  • Some of us do believe at the moment that forecast of 1.5% inflation in 2023 is too low
  • There is debate and discussion to be had

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