Sleijpen: Recent Oil Spike Not Enough to Knock ECB Off Its Current Path
Dutch central bank governor Olaf Sleijpen said a sharp rise in energy prices this week does not yet require a shift in European Central Bank policy. He stressed the bank can accept a small, temporary overshoot of its 2% inflation target and cautioned against drawing direct parallels to the 2021-22 inflation episode, while urging contingency analysi…