ECB’s Vasle: We need to keep tightening policy at our next meeting

  • Inflation remains persistent
  • Beyond that, we will remain data dependent
  • But the burden of proof will be on invalidating a rate hike, rather than validating one

The last comment is indicative of his bias but I reckon we will have to see how things go in the weeks ahead, as well as hearing further remarks from Lagarde before September.

This article was written by Justin Low at Source