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ECB's Inflation Struggle with Pooja Kumra

Pooja Kumra, TD Securities European & UK Rates Senior Strategist, discussed the European Central Bank's (ECB) current stance and challenges in managing inflation and market expectations. Kumra highlighted that no central bank is fully equipped to handle the prevailing uncertainty, noting that the ECB has presented three scenarios but is leaning toward an adverse outlook with potential second-round inflation impacts. Despite rising short-term consumer inflation expectations, the ECB is expected to remain data-dependent before making further rate decisions. Kumra emphasized that inflation remains the ECB's primary focus. (Source: Bloomberg)