Higher-for-longer inflation remains risk – Bank of Finland chief
Political uncertainty in eurozone dominating discussions in Frankfurt, says Olli Rehn
The governor of the Bank of Finland has said that persistent inflation in the services sector and rapid wage rises have been creating uncertainty about disinflation in the eurozone, meaning that “the risks of higher-than-forecast inflation have therefore not disappeared”.
In a blog post on July 19, Olli Rehn claimed that political uncertainty had been a key topic at the European Central Bank (ECB) monetary policy meeting the previous day, when policy-makers unanimously decided to hold rates.
“The
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