ECB policymaker Pereira urges swift action on inflation
ECB Governing Council member Alvaro Santos Pereira says the bank must act on inflation soon to avoid second-round impacts. He noted that upcoming data and new estimates will inform the next interest rate decision.
Xurve View
Xurve View
Alvaro Santos Pereira of the European Central Bank Governing Council called for swift action on inflation to prevent a second-round price spiral. The governor of the Bank of Portugal warned that delaying policy moves could necessitate more aggressive interventions later. For investors, the hawkish tone signals a rising probability of a rate hike at the upcoming June policy meeting.
