ECB's Patsalides: "The Passage Of Time Definitely Works Against Us On Inflation" — Econostream

No Evidence Favored July Hike; Second-Round Effects Not Evident, Expectations Anchored If Higher Oil Prices Persist, Inflation Risks Will Rise; "The Risk Accumulates" Hikes In Our Projections Don't Obligate Us; Policy Can't Depend On Today's Yield Curve We Don't Know How September Data Will Be; Scenarios Could Change Or Be Updated As Inflation Risk Rises, Balance Shifts Toward Pre-Emptive Action Higher Prices May Already Be Filtering Into Parts Of Economy Not Easily Observed READ HERE