Indosuez Wealth Management Strategist Says ECB Focus on Energy Supply Shock Is Surprising

According to Jin10, Indosuez Wealth Management Chief Investment Strategist Bénédicte Kukla said in a report that the European Central Bank's focus solely on energy supply shocks is surprising. She said the ECB did not consider still-fragile demand or the lack of drivers for core inflation, and it also did not fully take into account the impact of tighter bond market rates. Kukla said the ECB is not lacking credibility on inflation, but there is a risk of over-tightening an economic recovery that is still in its early stages.