ECB official says energy shocks to guide policy move
Dutch central bank chief Olaf Sleijpen stated that the ECB will monitor how rising energy costs feed into broader price indicators before its next meeting. While market pricing suggests a rate hike in July, Sleijpen noted that tightening financial conditions are already helping to contain inflation.
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Olaf Sleijpen of the Netherlands central bank said energy price persistence will determine the European Central Bank's next policy move. The ECB meets in late afternoon two weeks to address inflation that remains above its 2% target. For investors, the decision hinges on whether energy costs are now feeding into broader price indicators.
