There is no indication of a de-anchoring of market expectations for inflation, European Central Bank monetary policy chief Robert Holzmann said on Wednesday in slides accompanying a speech he gave at a Euromoney conference on Central and Eastern Europe.
“There are no signs of unanchoring in inflation expectations,” read one point on a slide on inflation.
On a slide on recent rate hikes, he added: “Policy interest rates will have to rise significantly higher to reach levels that are sufficiently restrictive to ensure a timely return of inflation to the 2% medium-term target.”
