#ECB’s #Kazaks: We can raise rates quite quickly.
#ECB’s #Kazaks: The risk of recession is non-trivial.
Senior #US Official: G7 leaders will task ministers with urgently consulting with third countries to develop a price cap around oil.\
#ECB’s #President Lagarde: Inflation in the euro area is undesirably high.
#ECB’s #President Lagarde: This means moving gradually if there is uncertainty about the outlook, but with the option to act decisively.
#ECB’s #President Lagarde: At the same time, inflation pressures are intensifying and broadening through the domestic economy.
ECB’s President Lagarde: Supply shocks hitting the economy could linger for longer.
#ECB’s #President Lagarde: These vulnerabilities are now contributing to the uneven transmission of the normalisation of our policy across jurisdictions.
#ECB’s #President Lagarde reaffirms intention to raise by 25 basis-points in July.
#ECB’s #President Lagarde: The size of September rate hike will be higher if needed.