He told reporters confinements and other consequences of surging infection numbers were worrying, but “should not lead to an increase in inflation, on the contrary”.
“We have to remain cautious,” he added.
ECB policymakers meeting last week sought a greater acknowledgement of inflation risks, sources close to the debate told Reuters, but the bank has stuck with its narrative that price growth will slip back below the target level on its own in late 2022.
Source: Economy - investing.com
