Surveillance: ECB Adds to Fed Gloom
Bloomberg Surveillance
00:00
Is the ECB Getting Ahead of the Fed?
Jeremy Stretcher, CIPC: I think we are going to see core inflation proven to be remarkably sticky. And it may well be the case that we see many central banks facing difficulty to really squeeze core inflation back towards target thresholds over a two-year forecast horizon. So in a sense, that's why it's still interesting that the ECB are still struggling to get back to their target threshold even in year three. That just underlines that inflationary pressures are going to be much more pronounced and stickier.
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