Central Banks
Centeno Says ECB Should Heed Lower Inflation Forecasts in March
- ECB targets headline inflation, not core gauge, Centeno says
- Portuguese central bank chief comments in La Stampa interview
Mario Centeno
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The European Central Bank must keep in mind that inflation has fallen short of its own forecasts when setting the pace of interest rate increases, according to Governing Council member Mario Centeno.
“The figure for February, just released, was several basis points below the December forecast,” the Portuguese central bank chief told La Stampa in an interview published Monday. Policymakers will need to look “very carefully” at updated inflation forecasts in March, which can be expected to be lower over the projection horizon, he added.