❇ ️ ECB Vice President Luis de Gwendos spoke and said: -
- Inflation to fall in coming months
- But he urges caution over oil price development
- ECB interest rates are likely to remain at their current levels "for some time."
- Second-half growth likely to approach zero
❇ ️ as ECB's Martins Kazak put it: -
- We are already past the stage of rapid interest rate hikes
- We can currently rely on the fact that we might stop
- So any future rate increases will be relatively small
