ECB’s Sleijpen: The central bank can tolerate a small inflation overshoot
European Central Bank (ECB) policymaker and Dutch central bank chief Olaf Sleijpen said in an interview with Reuters that the monetary policy is in a good place and the central bank can handle slight inflation overshoot.
Remarks
Just like the case of undershooting, we can also tolerate a small inflation overshoot.
I haven't dramatically changed my view on policy outlook.
We are still in a good place.
We have learnt lessons from 2021/22 but comparisons with the current situation are not entirely valid.
Comfortable holding gold reserves at the Fed, confident in the Fed's swap lines.
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