ECB Hiking Critics Keep Up Political Heat From Portugal to Italy
- Remarks follow flurry in recent days on prospect of tightening
- Portugal’s Costa hopes for a ‘more adequate’ rate path
Christine Lagarde
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Criticism of European Central Bank monetary tightening is persisting, with a new round of attacks on Thursday from southern Europe’s senior politicians.
Frankfurt officials haven’t properly understood the nature of inflation that the euro area is currently facing, Portuguese Prime Minister Antonio Costa told reporters in Brussels, while Italian deputy premier Antonio Tajani added criticism after an initial salvo earlier in the week.