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Herodotou Provides Little New in First MonPol Comments Since November

ECB
  • Bloomberg cites ECB's Herodotou as stating that keeping rates restrictive will slow inflation, and that the global inflation fight is 'far from over'.
  • Herodotou, the Cypriot rep on the ECB, last spoke in November last year, where he said further rate hikes are to be expected, and that "The closest we are to the neutral rate range, the pace of rate increases should probably be readjusted" - although these views somewhat stale now given the ECB's latest commitment to a March 50bps step.

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