Energy Price Shocks May Hit Economy Faster Than in 2022
ECB official Olaf Sleijpen says energy costs may hit the economy quickly as firms and workers are alert to inflation. The bank will assess data in April.
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Olaf Sleijpen, a member of the European Central Bank Governing Council, has warned that the impact of rising energy costs is likely to hit the broader economy more swiftly than during the 2022 crisis. Speaking in the Netherlands, the Dutch Central Bank Governor indicated that the current economic climate makes the system more sensitive to price shocks.
