The European Central Bank (ECB) is continuing to assess the extent and persistence of the rise in energy prices before taking any further monetary policy decisions.
“We face a situation where, if the shock remains contained (...), it may have a limited effect on broader inflation. But if it intensifies or persists, the pass-through could accelerate”, declared Christine Lagarde, President of the European Central Bank (ECB), on Wednesday 25 March.
The ECB relies on an in-depth analysis...