Inflation momentum has gone in Europe and ECB will probably pivot in the summer, economist says

Heiner Flassbeck, economist and former state secretary in the German Ministry of Finance, says inflation dynamics are fading “very quickly” and the European Central Bank will need to pivot on rate hikes in the summer to avoid harming the real…

Heiner Flassbeck, economist and former state secretary in the German Ministry of Finance, says inflation dynamics are fading “very quickly” and the European Central Bank will need to pivot on rate hikes in the summer to avoid harming the real economy.