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  • ECB's Governing Council member Rehn: Euro area inflation is still mostly transitory
Ekonomické zprávy
19.10.2021

ECB's Governing Council member Rehn: Euro area inflation is still mostly transitory

  • Core inflation remains subdued
  • Some components are partly more persistent than previously thought
  • No major evidence of second-round effects on inflation or wage pressures
  • If elevated inflation lasts much longer, it will likely have effect on expectations
  • ECB is leaning on the side of not overreacting

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