His comments come as the U.S. Federal Reserve and the Bank of England's tightening cycle intensifies pressure on the ECB to follow suit.
"We are almost in between a rock and a hard place so that on one hand we have to ensure that the recovery will continue. On the other hand, we have to prevent higher inflation expectations being entrenched and being reflected in the labor market," Rehn said.
so its the war but not 2 years of pandemic and not the irresponsible spending and not the too much borrowing/printing money and not the funding of wars and not sanctions. Got it. * so many ands forgive me*
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