High inflation can impair public finances, particularly if caused by external supply shocks. Fiscal measures compensating for high energy prices reduce inflation in the short run, before their impact broadly reverses https://www.ecb.europa.eu/pub/economic-bulletin/articles/2023/html/ecb.ebart202302_01~2bd46eff8f.en.html #EconomicBulletin

🐦🔗: https://n.respublicae.eu/ecb/status/1625073541077995523