Inflation in the eurozone is gaining strength again, which according to National Bank of Slovakia Governor Peter Kažimír reduces the European Central Bank's room to wait. The ECB may, according to him, need further increases in interest rates. hnonline.sk ↗
Kažimír, who is a member of the ECB Governing Council, warned of the risk of more expensive energy and an energy shock. These risks could contribute to further price growth and complicate the return of inflation to the required level. According to the governor, financial markets continue to underestimate the scope of measures that may be needed. ekonomika.pravda.sk ↗
According to Kažimír, the risks for inflation are tilted upward, while the risks for economic growth are tilted downward. However, weaker economic growth does not necessarily, on its own, lead to a slowdown in inflation, according to him. The ECB must therefore take into account both the current price developments and the possible consequences of higher interest rates for the economy when making decisions. teraz.sk ↗
The NBS governor also warned against premature optimism and too late a response by monetary policy. Such an approach could, according to him, make it harder to bring inflation back under control. The ECB's further decisions will depend on the development of inflation, energy prices and economic growth in the eurozone. ta3.com ↗
Kažimír: The ECB may need to raise interest rates again
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Sources (6)
Kažimír varuje pred ďalším zdražovaním, ECB možno bude musieť opäť zvýšiť úroky
ekonomika.sme.sk
| 12:26 02.11.
„Treba konať skôr, ako nám vysoká inflácia začne pripadať normálna.“ Kažimír spochybňuje, či ECB urobila dosť
ta3.com
| 10:39 02.11.
Kažimír: ECB môže potrebovať ďalšie zvýšenia úrokových sadzieb
teraz.sk
| 11:49 02.11.
ECB môže potrebovať ďalšie zvýšenia úrokových sadzieb, hovorí Kažimír. Varuje pred predčasným optimizmom
hnonline.sk
| 12:00 02.11.
Úroky môžu opäť rásť. Guvernér NBS varuje pred drahšími energiami a návratom inflácie
ekonomika.pravda.sk
| 13:15 02.11.
Guvernér NBS: Hranice trpezlivosti... potrebujeme konať skôr, ako nám vysoká inflácia začne pripadať normálna
hnonline.sk
| 15:45 02.11.
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