ok what it means?

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ok what it means?

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It means that the European Central Bank (ECB) should avoid rushing into interest rate hikes in response to the recent sharp rise in inflation—driven mainly by surging oil prices—unless there are clear signs that this spike will lead to lasting inflation, such as higher wages or entrenched inflation expectations. Finnish central bank chief Olli Rehn emphasizes that the ECB still has time to assess the situation carefully, and its decisions will be based on whether the energy-driven price surge causes broader, persistent inflationary pressures—not just temporary price increases. He stresses that no policy decision is pre-set, and the ECB will prioritize thoughtful, measured judgment over quick action.

Calm Judgment Will Prevail Over Haste at ECB, Rehn Says

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