“The ECB is walking a very, very fine line,” Emmanuel Cau, head of equity strategy at Barclays Bank Plc, told Bloomberg Television. “The Fed has to slow the economy in order to get inflation down. I think the job of the ECB is much more complex because obviously there’s not much they can do against an energy crisis.”
FRANKFURT, July 4 Bundesbank President Joachim Nagel objected to the European Central Bank’s promise of fresh support for the bloc’s indebted south at an emergency meeting.
Germany's Bundesbank has predicted annual inflation of 7.1% as prices spiral upward. The central bank also cut its economic growth forecast, warning that the situation could get worse depending on the war in Ukraine.