ECB’s Wunsch: Would Need Stronger Second-Round Effects To Justify Further Tightening

Any Inflation Surprise Before July Meeting More Likely On Downside Oil Prices Could Fall Below Precrisis Levels Most Oil Production Capacity Should Be Restored Within A Quarter" If Conflict Is Over One Hike Could Suffice If Shock Fades Before Significant Second-Round Effects More Than One Hike To Depend On More Persistence, Stronger Second-Round Effects READ HERE