ECB Makhlouf: Fears of excessive euro area inflation are overstated
ECB Governing Council member Gabriel Makhlouf said, “I believe that, at the moment, fears of excessive euro area inflation are overstated and that the current price pressures reflect transitory factors that will fade out over time.”
But he also admitted, “there is considerable uncertainty about the persistence of price pressures and we need to interpret this (inflation) data and the outputs of our models with caution.”
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