ECB Executive Panetta Outlines Case for Rate Hikes, Signals No Predetermined Path on May 29

GateNews
According to Jin10, ECB executive board member Panetta outlined the necessity of rate hikes on May 29, citing persistent inflation pressures, Iran war impacts, depleting fuel inventories, and broader supply disruption risks. He stated that it appears necessary to recalibrate monetary policy stance in response to ongoing inflation risks. However, Panetta cautioned that the ECB must remain unbound by any predetermined path forward.
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