Nicholas Garganas
Nicholas Garganas
low normal rates
Historically rates are at very low levels, and have significantly diverged from their normal level.
increased pressures risks strengthen
Risks that could strengthen inflationary pressures have increased after the interest-rate increase in December.
depend growth increases inflation interest pace rate regards risen risks
Inflation risks have risen and the pace of interest rate increases will depend on developments as regards growth and inflation risks.
faster feeling generally growth overall pace pick picture recovery
The overall picture is that the recovery is broadening and deepening. My feeling is that euro-area growth will pick up at a faster pace than generally expected.