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No Signs Rising Inflation Rates Will Be Permanent: ECB's Knot

ECB

ECB's Knot:

  • No Signs Rising Inflation Rates Will Be Permanent (BBG)
  • Knot: Shrinking ECB Balance Sheet Will Be A Lengthy Process (BBG)

Governing Council member Klaas Knot at a web-streamed event added:

  • The path for inflation "will depend on what the reaction of wages will be"
  • "There's still significant amount of slack in the euro-area labor market"
  • "The likelihood of this temporary inflation translating into second-round effects and substantial -wage demands -- at this moment I'm not seeing any signs of it"
  • "Asset price inflation is of course a different story. We're seeing lots of asset-price inflation" (Via Bloomberg)
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