20 Hrs
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الاقتصادية
ECB: Inflation under control
The Chief Economist of the European Central Bank, Philip Lane, stated that the current inflation shock can be absorbed and does not require aggressive measures, emphasizing that the bank aims to bring inflation back to 2% by next year. He indicated that the bank will monitor the impact of rising energy prices and whether they will lead to secondary effects on prices and wages, affirming that interest rates exceeding the target represent a moderate shock that calls for a measured response. Markets expect the European Central Bank to raise interest rates at least twice by October and March, while closely watching inflation levels and high costs.
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