“A repeat of 2022’s inflation problems appear less likely”: ECB’s Sleijpen lowers temperature

European Central Bank (ECB) policymaker Olaf Sleijpen said in a speech at an event organized by the European Economics & Financial Center (EEFC) in London on Wednesday that while a repeat of 2022's inflation spike appears less likely, the risk cannot be fully ruled out.

Key takeaways:

A repeat of 2022’s inflation problems appear less likely but cannot be excluded.

For Eurozone monetary policy, the key issue is the risk of second-round effects.

Market expectations point to a declining path for oil prices, but uncertainty remains.”