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6/28, 11:08 AM (Source: TeleTrader)
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'Limited' risk of second-round inflation effects - ECB's Panetta

European Central Bank Executive Board member Fabio Panetta stated on Monday that the risk of second-round inflation effects remains limited.

He noted that the Euro area economy does not seem to be on the path to run "hot," noting that the Eurozone demand will likely be strong enough to test supply constraints.

"There needs to be confidence that monetary and fiscal policy support will not be withdrawn prematurely," the official added.

Breaking the News / MD