European Central Bank
European Central Bank member Philip Lane sees the need to be vigilant and closely monitor inflation levels over the coming months with the possibility of inflation increasing further along with the risks of a slowdown.
The chief economist of the European Central Bank indicated that in light of the current uncertainty, the European Central must balance managing the risks of inflation and slowdown together.
Leaving matters as they are may turn inflation into a permanent problem, and at the same time, the economy faces the risk of slowing down, which would reduce inflationary pressures.
He pointed out that this is the motivation behind the clear vision of the European Central’s directions for its next two meetings, which is to get rid of the very low interest rates that the Bank has maintained for several years with us, but this does not deny the importance of closely monitoring economic data and guiding it.