European Central Bank Decisions to Be Evaluated in Real Time
Central Bank of Ireland Governor Makhlouf announced that inflation has not spilled over into wages, but interest rate decisions will be made using real-time data amidst an uncertain environment.
The Governor of the Central Bank of Ireland stated that there are no alarming signs yet that inflation is reflecting in wages, but decisions regarding borrowing costs will be handled on a meeting-by-meeting basis.
Wage Increases and Inflation
In an interview with Bloomberg television, the Governor of the Central Bank of Ireland stated that there are currently no alarming signs that inflation has spilled over into wages.
Meetings and Uncertainty Period
In response to a question about the October 29 meeting, the official stated that every meeting is live for the European Central Bank during a period dominated by uncertainty.
It was emphasized that no potential development in future meetings can be definitively ruled out or taken for granted in advance.
Market Expectations and Targets
Makhlouf refrained from commenting on the forecasts of investors expecting a rate hike over the next 12 months.
He expressed that the markets understand the determination to achieve the 2% inflation target, but current figures lack the desired strength.