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المشهد العربي
ECB official cautions on inflation and growth
Antti Ziegmann, a member of the Governing Council of the European Central Bank, stated that high inflation poses a significant threat to the growth of the Eurozone economy, despite a strong performance in the second quarter. He emphasized that the primary goal of monetary policymakers is to bring inflation back to 2%, highlighting the necessity of fully controlling all inflation indicators and cautioning against placing excessive focus on determining the neutral level of interest rates. He also anticipated intense discussions in upcoming meetings regarding interest rate hikes, with decisions to be based on the available economic data.
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