ECB’s Cipollone: Stagflation Risk from Hormuz Crisis Considered Remote
ECB Policymaker Comments on Hormuz Crisis and Economic Outlook
BERLIN, Aug 24 (Reuters) - European Central Bank policymaker Piero Cipollone said the risk of economic stagnation and a sharp increase in inflation due to the crisis in the Strait of Hormuz is rather remote, in an interview with Italy's ilsussidiario.net, published on Monday.
Assessment of Stagflation Risk
"We will of course need to monitor changes in the macroeconomic environment, but for the time being there are no signs pointing to a scenario of stagflation," he said.
Monitoring Macroeconomic Environment
Current Indicators and ECB’s Stance
Article Credits
(Writing by Miranda Murray; Editing by Susan Fenton)
