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ECB's Kazimir: Action needed before high inflation feels normal
A member of the European Central Bank (ECB) Governing Council and Governor of the National Bank of Slovakia (NBS), Peter Kazimir said during Monday’s European trading session that attention is shifting towards the extent of further monetary policy tightening required.
Further Tightening in Focus
Increasingly, the question is how much more action the ECB needs to take, rather than whether further action is necessary.
It is not necessarily sound policy to wait for inflation to broaden and for businesses to pass on costs.
The policy path required may still be underestimated by markets.
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