ECB’s Centeno: Can’t tolerate inflation below 2% for too long

• 2028 inflation forecast likely to be below 2%
• Still see inflation risks to downside

Centeno has been one of the most dovish members for a long time and he’s not deviating from that stance here. When dovish members make dovish comments, the market ignores them because it’s a known information and therefore doesn’t change future expectations.

This article was written by Giuseppe Dellamotta at investinglive.com.