- Is comfortable that hiking rates makes sense under milder scenario.
- Open-minded to looking through shocks IF not long-lived
- even if oil is fallen, think food will keep going up.
- Hike aims to contain the spread of energy shock
- Current situation is meeting shock
- Thinks that the other and of neutral is 2.5% from 2.25%
- Employment is steady. Incomes moving higher
- Says that EUR appreciation still putting downward pressure on prices
The ECB race rates by 25 basis points last week.
This article was written by Greg Michalowski at investinglive.com.
