ECB officials warn of ‘sacrifice’ needed to tame surging inflation

A larger «sacrifice» will be needed to tame inflation than in previous bouts of monetary policy tightening, according to European Central Bank officials who warned that price growth risks spinning out of control if forceful action is not taken.

Like his counterparts at the ECB, Jay Powell said a failure to successfully tame inflation now would lead to higher costs later on, suggesting the Fed is unlikely to pause its tightening cycle anytime soon. — Like his counterparts at the ECB, Jay Powell said a failure to successfully tame inflation now would lead to higher costs later on, suggesting the Fed is unlikely to pause its tightening cycle anytime soon.Foto: Drew Angerer/Getty Images

Colby Smith (FT)
Martin Arnold (FT)

Publisert 28. August 2022, kl. 16.05Oppdatert 28. August 2022, kl. 16.05

Financial Times Den europeiske sentralbanken ECB Renter Inflasjon