ECB's Stournaras Advocates for More Restrictive Monetary Policy if Inflation Overshoots Target
Yiannis Stournaras, ECB policymaker and Governor of the Bank of Greece, stated that a cautious adjustment toward more restrictive monetary policy is necessary in case euro zone inflation temporarily but significantly overshoots the target. He highlighted concerns over rising oil prices due to geopolitical tensions at the Strait of Hormuz.
Topics: ECB inflation monetary policy Strait of Hormuz