It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what's probably more important is the probability of the supply shock translating into sustainable embedded inflation.
Marek BelkaAbout author
- Author's profession: Economist
- Nationality: polish
- Born: January 9, 1952
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My misfortune is doubly painful to me because it will result in my being misunderstood. For me there can be no recreation in the company of others, no intelligent conversation, no exchange of information with peers; only the most pressing needs can make me venture into society. I am obliged to live like an outcast.
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