European Central Bank must act on inflation sooner rather than later, policymaker Alvaro Santos Pereira says

Alvaro Santos Pereira, a member of the (ECB) European Central Bank's Governing Council, has called for swift action on inflation. He believes acting sooner rather than later is crucial to avoid a larger second-round impact. Pereira stated that the ECB needs to examine new estimates and data from various countries. Decisions will be made after reviewing price developments.

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