Nagel and De Guindos of the ECB have warned against hastily claiming triumph over inflation. While recent inflation data has been a 'positive surprise', De Guindos emphasized that it's too early to declare victory and noted the possible inflationary effects of wage growth. The OECD's top economist has also stressed the importance of the Federal Reserve and ECB maintaining elevated interest rates for an extended period to effectively combat inflation. Vice President Luis de Guindos reiterated the ECB's position, stating that it's too early to say that inflation is defeated.
Inflation data is good news but early to declare victory-ECB's De Guindos https://t.co/qNFuOyaLgU https://t.co/nmR67BiVP8
The ECB can’t yet say that inflation is defeated, according to Vice President Luis de Guindos https://t.co/Yns08hPrBV
The ECB can’t yet say that inflation is defeated, according to Vice President Luis de Guindos https://t.co/2sUCAPOilw
The ECB can’t yet say that inflation is defeated, according to Vice President Luis de Guindos https://t.co/SHQqw1QioO
🔴 ECB'S DE GUINDOS: AN INCREASE IN WAGES CAN STILL HAVE AN IMPORTANT INFLATIONARY IMPACT.
🔴 ECB'S DE GUINDOS: IT IS TOO EARLY TO DECLARE VICTORY.
🔴 ECB'S DE GUINDOS: RECENT INFLATION DATA IS GOOD NEWS, IT'S BEEN A "POSITIVE SURPRISE".
The Fed and the ECB will need to keep interest rates high for longer than investors expect to ensure inflation is weeded out of their economies, OECD's top economist says https://t.co/vSsFSPHY0W
'Way too early' to declare victory over inflation, says ECB's Nagel https://t.co/s4VOI1KuoV https://t.co/hhre7qY97b
⚠️ 'WAY TOO EARLY' TO DECLARE VICTORY OVER INFLATION, SAYS ECB'S NAGEL Full Story → https://t.co/R1XF06kEtu