ECB Governing Council member Boris Vujcic has pushed back against market expectations of near-term interest rate increases driven by rising oil prices, warning that the energy spike is unlikely to translate into sustained inflation.

ECB Governing Council member Boris Vujcic has pushed back against market expectations of near-term interest rate increases driven by rising oil prices, warning that the energy spike is unlikely to translate into sustained inflation and that the central bank should not overreact to a single commodity shock.

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