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  • ECB's Governing Council member Müller: ECB needs to watch inflation carefully as persistently high inflation could require reduction of stimulus
Ekonomické zprávy
29.10.2021

ECB's Governing Council member Müller: ECB needs to watch inflation carefully as persistently high inflation could require reduction of stimulus

- PEPP purchases can end next spring

- ECB's focus should be on whether inflation leads to acceleration of wage growth that could drive the pace of price increases above 2% in longer term

- If inflation shoots much higher, ECB would not be able to continue policy of large bond purchases and negative interest rates for long

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