ECB’s Vujcic warns energy shock could keep inflation hot
The European Central Bank Vice President Boris Vujcic said that the ECB started a tightening cycle and sees a “risk of higher for longer energy prices” and added that diesel prices will stay for long, feeding into inflation.
Key highlights:
ECB's Vujcic: We have started a tightening cycle
See risk of higher for longer energy prices
It seems the price of crude will come down but not that of refined products
Diesel prices will stay for long, feeding into inflation
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