Firms must grapple not only with the inflation shock but also with the impact of the upward shift in interest rates that is needed to ensure inflation quickly subsides, says Chief Economist Philip R. Lane at the @Entirl Summit.

Speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230419~09fe9b3295.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1648635485936386049