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Inflation expectations are still high despite the squeeze on monetary policy. A target of 3% would be more in line with the economic reality left by the pandemic and climate change, but it is not possible right now ....
The majority of members of Handelsblatt's Shadow ECB Council believe that before taking further steps to normalize monetary policy, the ECB should first wait until it is clearer what the consequences of the war in Ukraine are for the euro area economy. ....