- We will assess the more indirect consequences of Ukraine crisis on inflation and growth
- We will be facts-driven
- Optionality about the right monetary stance and flexibility to guarantee right transmission are two names of the game for ECB policy
Well, if they didn't then they wouldn't quite be doing their jobs. But in any case, considering the announced sanctions so far, there is hardly going to be much impact. The only issue perhaps is that energy prices are still at elevated levels and that will keep the ECB on their toes as surging price pressures continue to persist for longer this year.
