• Is comfortable that hiking rates makes sense under milder scenario.
• Open-minded to looking through shocks IF not long-lived
• even if oil is fallen, think food will keep going up.
• Hike aims to contain the spread of energy shock
• Current situation is meeting shock
• Thinks that the other and of neutral is 2.5% from 2.25%
• Employment is steady. Incomes moving higher
• Says that EUR appreciation still putting downward pressure on prices

The ECB race rates by 25 basis points last week.

This article was written by Greg Michalowski at investinglive.com.



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