IMF Kammer: the ECB must be ready to be stricter, or more flexible, on my healthcare policy

IMF Kammer now speaks about Europe and says:

• The blow for blows on trade and subsidies will be very disruptive for the European economy, structural reforms are necessary
• we expect a gradual reduction in key rates.
• The ECB must be prepared to tighten or ease its monetary policy depending on uncertainties.
• If the tightening path in the United States deviates from the baseline scenario, there is an upside risk for European inflation.

More comments:

• US inflation driven by demand, European inflation driven by energy price shocks.
• Disinflation in the EU is driven by falling energy prices, easing supply chain disruptions and the effects of monetary policy

This article was written by Greg Michalowski at www.forexlive.com.

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