ECB's Villeroy: We don't have enough information on core inflation yet
Investinglive·
- The European Central Bank's Villeroy emphasizes caution regarding interest rates while waiting for more data to justify a hike.
- He is seeking clearer evidence that price pressures are spreading beyond volatile energy and food sectors, with concerns about second-round effects from initial price shocks.
- Current economic data does not urgently call for a rate increase, as core inflation slows and inflation expectations rise only short-term, while wage growth forecasts have decreased.