ECB's Visco: Administered prices for a short period would not be a bad idea

• I strongly believe that monetary policy isn't behind the curve
• There's a clear an unexpected supply shock from the Ukraine war
• There are good reasons to believe inflation will progressively converge to 2%
• Administered prices for a short period would not be a bad idea
• ECB projections are already obsolete
• Outlook has severely worsened since the projections' cut-off date

I get more bearish on the long-term future of Europe by the day. High inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term there would doom fiscal budgets in the Eurozone.

I can't believe this guy is talking saying they're not behind the curve and talking about price controls at the same time.