ECB’s Centeno: Smaller hikes would need mid-term inflation nearing 2%

 European Central Bank (ECB) policymaker Mario Centeno made some comments on the inflation and monetary policy outlook, in his speech on Monday.

Key quotes

Inflation is going down faster than we expected.

Smaller hikes would need mid-term inflation nearing 2%.

March forecasts will help determine peak rate.

Forecasts are likely to show a faster drop in inflation.

Economy and labor market are showing resilience.