ECB accounts: War risks slowflation only, not stagflation

<p>The accounts of ECB’s March 9-10 meeting noted that “while the Russian invasion of Ukraine had increased uncertainty surrounding the macroeconomic outlook, related risks to the inflation outlook were seen as largely one-sided, with experience suggesting that wars tended to be inflationary”. “While the war would likely dent economic growth in the short term, annual […]</p>
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