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22.03.2023

ECB's Governing Council member Wunsch: If there is stabilization in the market, ECB might have more to do

European Central Bank Governing Council member Pierre Wunsch said on Wednesday that attention should be paid to both the headline and the core inflation and noted that the core inflation in Eurozone is more sticky than the headline inflation. He admitted, however, that the risk of a wage-price spiral is low. Also, the policymaker said that the euro area has strong banks and liquidity ratios. 

"If there is stabilization in the market, I think, again, on the basis of the last projection, it’s still clear that we might have more to do,” Wunsch said but stressed that some time is needed to assess the implications of recent turmoil for the economy“They could be doing part of the job, and we might have to do less,” he noted.

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