ICYMI - "Transitory" inflation remarks from all over the place

Author: Eamonn Sheridan | Category: Central Banks

Some remarks overnight from  European Central Bank Governing Council member Francois Villeroy de Galhau

Trotting out the transient inflation story again, very familiar to us by now:

  •  the recent strength of inflation is temporary
  • no doubt' inflation rate to fall below 2% by 2023
  • no doubt ECB needs to keep policy accommodative

Also, this time from the BIS ( Bank for International Settlements ... this is a financial institution owned by central banks) with a research piece on 
  • "There will be higher inflation for some time, but that I don't think will alter the fundamental picture" of it being transitory
  • "Having said that of course, one should always remain vigilant." 
These remarks from the BIS' Claudio Borio,  head of the BIS's monetary and economic department. His comments out overnight also.   

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