European Central Bank (ECB) officials Holzmann and Nagel have expressed concerns about inflation and the need to remain vigilant. Holzmann stated that despite rate hikes, stagflation could be much worse and the ECB is in good shape. He also emphasized the need to be ready to hike rates again if needed. Meanwhile, Nagel highlighted lively wage growth and decreasing labor supply as factors keeping up pressure on inflation. Both officials stressed the importance of staying vigilant and acknowledged the risks of higher-than-expected inflation.
The ECB must be on high alert to factors that could keep inflation more elevated than predicted, Governing Council member Joachim Nagel says, singling out the labor market as a source of concern https://t.co/hOCALTu4dw
The ECB must be on high alert to factors that could keep inflation more elevated than predicted, Governing Council member Joachim Nagel says, singling out the labor market as a source of concern https://t.co/qedn6ipYPs
The ECB must be on high alert to factors that could keep inflation more elevated than predicted, Governing Council member Joachim Nagel says, singling out the labor market as a source of concern https://t.co/7COQRUS6QQ
⚠️ ECB MUST BE 'VIGILANT' AS INFLATION MAY SURPRISE, NAGEL SAYS Full Story → https://t.co/QyJ0WTBITI The European Central Bank must remain "vigilant" because inflation in the euro zone may still come in higher than expected, fuelled by wage growth and shrinking labour supply,… https://t.co/wlMIYedgqy https://t.co/qXxaiXTCZP
🔴 ECB'S NAGEL: LIVELY WAGE GROWTH, DECREASING LABOUR SUPPLY WILL KEEP UP PRESSURE ON INFLATION.
🔴 ECB'S NAGEL: IT IS IMPERATIVE TO REMAIN VIGILANT.
🔴 ECB'S NAGEL: WE STILL FACE RISKS THAT INFLATION OUTLOOK COULD TURN OUT HIGHER THAN EXPECTED.
IMF WARNS OF INFLATION RISKS AS CENTRAL EUROPE HAMMERS OUT 2024 WAGE DEALS (Reuters) Big hikes in the minimum wage planned in central Europe for next year raise the risk of more persistent inflation or job losses amid relatively weak productivity growth across the region, the… https://t.co/sJnbHbL6gS https://t.co/ZHTctjrZp1
IMF warns of inflation risks as central Europe hammers out 2024 wage deals - Reuters https://t.co/9zA4AMY9pu
Brazil central bank stresses long journey to return inflation to target - Reuters https://t.co/DD49P3U5ld
🇪🇺 IMF warns of inflation risks as central Europe hammers out 2024 wage deals Big hikes in the minimum wage planned in central Europe for next year raise the risk of more persistent inflation or job losses amid relatively weak productivity growth across the region, the… https://t.co/2d2gxDGWIe https://t.co/ajzgyW1iJf
⚠️ IMF WARNS OF INFLATION RISKS AS CENTRAL EUROPE HAMMERS OUT 2024 WAGE DEALS Full Story → https://t.co/AslbLmXE3I
🔴 IMF'S GOTTLIEB: OVERALL NOMINAL WAGE GROWTH IN CENTRAL EUROPE REMAINS VERY STRONG, BUT IT MUST DECLINE IN ORDER FOR INFLATION TO RETURN TO TARGET.
ECB must remain vigilant, be ready to hike rates again, Holzmann says https://t.co/xCuGGuDuQi https://t.co/Ly2rrwnA27
ECB MUST BE READY TO HIKE AGAIN IF NEEDED - HOLZMANN TO REUTERS
🔴 ECB'S HOLZMANN: I DON'T EXPECT ANY REDUCTION IN RATES SOON, EVENTUALLY IT WILL HAPPEN BUT FOR THE TIME BEING I DON'T SEE IT.
🔴 ECB'S HOLZMANN: I'M NOT REALLY WORRIED ABOUT GROWTH OUTLOOK BECAUSE DESPITE RATE HIKES WE STILL HAVE STAGFLATION, SO IT COULD BE MUCH, MUCH WORSE AND WE ARE IN PRETTY GOOD SHAPE THERE.
🔴 ECB'S HOLZMANN: I DEFINITELY BELONG TO THOSE THAT THINK WE SHOULD BE VERY CAREFUL, THAT WE SHOULD STAND READY TO HIKE AGAIN IF NEEDED.
🔴 ECB'S HOLZMANN: WE NEED TO STAY VIGILANT.