ECB's Elderson Emphasizes the Need for a Thoughtful Approach to Supply Shocks

In a significant statement regarding the European Central Bank's (ECB) monetary policy, ECB Executive Board member Frank Elderson has underscored that the bank cannot afford to merely disregard supply shocks. Elderson’s remarks come at a critical time as the region grapples with ongoing challenges affecting the economy, including inflationary pressures and geopolitical tensions.

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