*ECB’s de Cos: Economic Situation in Euro Area Will Crucially Depend on How Conflict in Ukraine Evolves, on Impact Current Sanctions and on Possible Further Measures
*ECB’s de Cos: Even Though ECB’s Central Scenario Remains One of Gradual Convergence to 2% Inflation Target Over Medium Term, War Has Intensified the Upside Risks to Inflation Path, Especially In Near Term
*ECB’s de Cos: Risks to Medium-Term Inflation Outlook Include Above-Target Moves in Inflation Expectations, Higher Thananticipated Wage Rises and a Durable Worsening of Supply-Side Conditions
*ECB’s de Cos: Negative Effect of the Conflict and Associated Uncertainty Surrounding the Euro Area’s Economic Growth Could Reduce Inflationary Pressures in The Medium Term
*ECB’s de Cos: Long-Term Expectations on Inflation in Euro Zone Have Recently Moved Upwards, but Stand Around The ECB’s Target
*ECB’s de Cos: Stance That Justify Gradualism in Future Interest Rate Hikes Takes Into Account Currently Moderate Wage Growth