ECB to Recalibrate Policy Against Inflation Panetta Says
Fabio Panetta says the ECB will act to prevent energy shocks from turning into persistent inflation. The bank is widely expected to raise rates in June.
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Bank of Italy Governor Fabio Panetta signaled the ECB will raise interest rates in June to prevent energy shocks from causing persistent inflation. Panetta called for a monetary policy recalibration during the bank's annual assembly in Rome on May 29. The ECB must act in a timely and measured manner to address current price pressures.
