The member of the Governing Council of the European Central Bank (ECB), Olli Rehn, has dismissed the recent increase in pressure on prices as temporary, in his speech scheduled for Tuesday.
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“The PEPP will be carried out flexibly to help counteract disinflationary effects and also to support growth. “
“Accommodative financing conditions are key to support the recovery of the euro zone “.”
“The recent rise in inflation is due to unique and temporary factors“.
“Currently there are no signs of an increase in broader price pressures, slack remains high.”
“The ECB did not discuss the question of the PEPP transition“.”
“He will do it in due time.”
“For now, it is necessary to continue with significant purchases under the PEPP.”
“It is necessary to examine the short-term variation of inflation.”
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