ECB Officials Boldly Ready to Act with Robust Policy Amid Inflation Fight.
TL;DR
The ECB's Nagel has stated that the bank's job is not yet done and that it must be bold and decisive. He also warned that inflation projections contain upside risks and that wages may rise more strongly than assumed. While the bank sector is resilient, contagion risks to eurozone banks are low. Nagel also cautioned that expansionary fiscal measures risk fueling inflation further.
Topics:businesscentral-banking#central-banking#ecb#eurozone-banks#fiscal-policy#inflation#interest-rates
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