Quotes from key ECB policymakers ahead of the June 11 policy gathering.

REF: 83

Ahead of the June 11 policy gathering, several European Central Bank officials have shared their perspectives publicly recently.

Ahead of the June 11 policy meeting, several European Central Bank officials have shared their thoughts publicly recently.

Market expectations are already factoring in a rate increase by mid-July, with many analysts surveyed by anticipating action as early as next month.

ECB Board Member Isabel Schnabel speaks on May 26.

The magnitude and duration of this economic disruption render short-term thinking obsolete for me now.

Significant harm has been inflicted on energy infrastructure and global logistics despite the ongoing conflict. Consequently, a monetary policy response is still warranted, regardless of the war's immediate outcome.

A June interest rate increase seems inevitable from current vantage point.

ECB Chief Economist Philip Lane comments on June.

A slight revision to the inflation forecast is anticipated for next month's review.

Indirect impacts on the economy are anticipated beyond rising energy costs. Firm expectations indicate widespread price hikes are likely forthcoming. A significant concern arises if the energy crisis escalates into a more pervasive inflationary challenge.

Italian Central Bank Governor Fabio Panetta spoke on May 29.

The outlook suggests a need to reassess and potentially adjust monetary policy settings to mitigate ongoing inflation concerns effectively.

Normalization of oil and gas prices is improbable even with a prompt end to the ongoing conflict situation.

Greek Central Bank Governor Yannis Stournaras spoke on May 25.

Balancing inflationary pressures requires a nuanced approach. A moderate tightening of monetary policy can mitigate second-round effects without unduly stifling economic growth. This calibrated response should be proportionate to the magnitude of the overshooting.

Portuguese Central Bank Chief Álvaro Santo Pereira spoke on May 31.

Inflation tops our current agenda, and we must scrutinize recent data meticulously. Historical trends suggest prompt action is necessary to mitigate potential long-term consequences of delayed intervention on price stability.

In cases of rising inflation, swift and decisive action is always preferable.

Finnish Central Bank Chief Olli Rehn spoke previously.

The crucial factor in our long-term perspective is identifying clear indicators of secondary price pressures and a shift in inflation forecast assumptions.

Medium- and long-term inflation forecasts remain stable, whereas short-term projections exhibit a noticeable fluctuation, indicating a nuanced market sentiment.

Austrian Central Bank Governor Martin Kocher spoke on May 11.

Improvement is essential; otherwise, a rate adjustment will inevitably become unavoidable soon.

Slovak Central Bank Governor Peter Kazimir spoke on May 4.

Our stance remains unwavering, yet we're not bound by a predetermined course of action. Consequently, a policy adjustment in June appears increasingly likely.

The events unfolding since March have largely aligned with our initial projections, unfortunately without any encouraging developments.