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2026-05-29 17:13:33
[ECB's Panetta Acknowledges the Necessity of Interest Rate Hikes but Urges Against Premature Hints at Further Tightening] ⑴ ECB Executive Board member Leon Panetta acknowledged the necessity of interest rate hikes but urged his colleagues not to prematurely hint at subsequent tightening measures. ⑵ Panetta pointed out that the ongoing conflict in Iran, rising inflation expectations, depleted fuel stocks, and the existence of other supply disruption risks all indicate the need for some form of action. ⑶ He stated, "From a forward-looking perspective, it seems necessary to recalibrate the monetary policy stance to address the risks of persistent inflationary pressures." ⑷ However, he then cautioned, "It remains crucial not to be bound by a pre-set path."
