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【CNBC】Banking crisis forces ECB policymakers to rethink rate hikes, but focus still firmly on inflation

【CNBC】Banking crisis forces ECB policymakers to rethink rate hikes, but focus still firmly on inflation

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  • Headline inflation in the euro zone dropped significantly in March, but core inflation — which excludes volatile energy, food, alcohol and tobacco prices — rose to an all-time high.
  • March’s banking crisis has caused some ECB policymakers — such as Austrian National Bank Governor Robert Holzmann — to rethink their next moves.
  • Visco called for patience in assessing the ECB’s rate hike trajectory, but he said policymakers will be examining the data for signs that core inflation is coming down and the bank’s medium-term inflation target of 2% is within sight.

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