ECB’s 'Adverse' Scenario May Be Coming True, Official Warns; Inflation Could Embed Faster Than 2022
An ECB policymaker warned that the euro zone economy may already be following the central bank’s outlined 'adverse' path, with energy-driven inflation potentially becoming entrenched faster than during the 2022 spike. Officials will monitor incoming data ahead of the April 30 meeting, but if high energy costs spread through the broader economy and …