At its monetary policy meeting on 14 April 2022 in Frankfurt, the Governing Council of the European Central Bank acknowledged that inflationary risks were increasing, particularly in the short term, and opened the door to an end to its accommodating policy.
The ECB is continuing its “normalisation process” in a “gradual way, keeping all options open and with flexibility”, stressed ECB President Christine Lagarde, who was speaking remotely, having tested positive for Covid-19.
The...