Stournaras: The European Central Bank needs to be vigilant about the risk of rising inflation, but should not act hastily

European Central Bank Managing Director Stunaras stated that the ECB must be vigilant about the risk of rising inflation, but should not act hastily. Stunaras said that there has not yet been a second round of effects generated through channels such as wages, but it cannot be taken for granted that this situation will continue. If there is a surge in inflation or an increase in energy costs in September, a rate hike in October cannot be ruled out, but if there are doubts, the European Central Bank will wait for the next round of forecasts. Stournaras believes that the Federal Reserve's interest rate decisions enhance the credibility of global monetary policy. (Source: Jin Shi)