In order to move interest rates higher, the ECB needs to be confident about the sustainability of the economic upswing, especially on the consumer side.
More Quotes from Lorenzo Codogno:
Policy makers are not doing their job properly in order to support the euro,Lorenzo Codogno
He certainly has political aspirations, and I don't think it will be the end of his career if the center-right loses. He will play an important role in the future of Italian politics.
Lorenzo Codogno
With the energy bill having increased recently, the risk is that consumers will tighten their belts over Christmas. The euro-zone economy is still at risk of a disappointing Christmas.
Lorenzo Codogno
There are a number of countries that are increasingly uneasy about competitive pressures coming from Asia, and the softening of domestic industry.
Lorenzo Codogno
The combination of high inflation and somewhat slower growth is certainly the worst thing for the euro,
Lorenzo Codogno
We believe that the long-awaited shift from soft to hard data is evidence of a recovery in euro zone private consumption has started, and will likely proceed gradually and modestly over the coming months, in line with the expected improvement in household real disposable income.
Lorenzo Codogno
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